Saturday, November 8, 2008

Charts of interest

Our current stock market is in a secondary up trend. This is a counter move to the primary down trend and may last a few months. I expect bullish activity to prevail until the primary trend resumes. The movement of the US dollar has been effecting the markets of late so a chart is also included.

USD






SYNA





APEI




Some Short ideas:

Mastercard

Google



Apple








Posted by Speculative Measures at 9:09 PM

3 comments:

  1. AnonymousNovember 9, 2008 at 10:09 AM

    Thanks for the charts, I like your no-nonsense style!

    I'm watching AAPL, too and noticed the triangle. Surprised by how weak AAPL has been.

    ReplyDelete
  2. Speculative MeasuresNovember 9, 2008 at 10:45 AM

    If you notice the short candidates are former "darlings". These tend to make great shorts since it eventually dawns on investors that the hopeful expectations that propelled them are no longer realistic.

    Apple and Google are like the Yahoo of the Dot-com era. I suspect Apple will not break down just yet. A better entry would be for it to reclaim its 50 Day moving average. Look for another chart should that occur.

    ReplyDelete
  3. AnonymousNovember 9, 2008 at 11:49 AM

    Yes, I think there will be an attempt to "mount" 50dma, especially if we have the obligatory counter-trend rally that everyone's expecting.

    AAPL will be the new MOS imo, so I'm watching it closely. I wanted to buy it at $95, but don't feel comfortable going long. Would rather wait for a good short setup.

    Look forward to more charts :)

    PS your commenting system makes me post twice (first time it throws out an error).

    ReplyDelete

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