Saturday, February 28, 2009

PALM chart BB27

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PALM with a green up alert signal and the recent orange down alert signal. Will have to see what the future brings. Watching to see if price holds above the longer term moving averages.

Thank you for your time.

Chart courtesy of Wealth-lab.com

Dow chart BB27

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Just an update of the Dow. Note volume spike. 7500 to be resistance? All moving averages still pointing down. Enjoy the game.

Thank you for your time.


Chart courtesy of http://stockcharts.com/

BB27 Spreadsheet Link

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The spreadsheet link for BB27 is below. This is not a recommendation to buy or sell any of the stocks listed. Due diligence is your responsibility. If you need professional investment advice then find a professional.

Another day with slim pickings. More green up alerts showing up though. Perhaps the worst is over and stocks just go into a flat line style for awhile. It would be hard to convince folks to enter into the market about now. It will take time to repair the major damage that has been done.

Prices stop going down when the last seller has sold. Prices stop going up when the last buyer has bought.

Thank you for your time.

http://spreadsheets.google.com/pub?key=p5g7vLKhkez4MbfDlHbmkZQ

Friday, February 27, 2009

BB26 Spreadsheet Link

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The spreadsheet link for BB26 is below. This is not a recommendation to buy or sell any of the stocks listed. Due diligence is your responsibility. If you need professional investment advice then find a professional.

A day late and slim pickings.

About mid day now and Dow has staged a recovery from this morning. Seems to like 7200.
Potential to form a long candle something. Hangman or hammer depending on your point of view. Wait to let the market tell its own story. No reason to try and create an unknown future.

Thank you for your time.

http://spreadsheets.google.com/pub?key=p5g7vLKhkez4MDLC4yz8MBw

Delayed BB27

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The Wealth-lab.com site has not updated for Feb 26. So waiting on them.

Thank you for your time.

Wednesday, February 25, 2009

BB25 Spreadsheet Link

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The spreadsheet link for BB25 is below. This is not a recommendation to buy or sell any of the stocks listed. Due diligence is your responsibility. If you need professional investment advice then find a professional.

Just a few entries. Orange down alerts more than green up alerts.

Should have also mentioned yesterday that 7500 may become overhead resistance on the Dow as well as the 7800 level. Series numbers to watch: 8100, 7800, 7500, 7200, 6900, 6600, 6300. Simply 300 point steps. Can also place 6400 in there since it is the next square down from 8100. Not hard numbers but simply guides to watch. Never perfect, never will be. Enjoy how the game unfolds.

Thank you for your time.

http://spreadsheets.google.com/pub?key=p5g7vLKhkez7aJOHX109fCA

Tuesday, February 24, 2009

BB24 Spreadsheet Link

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The spreadsheet link for BB24 is below. This is not a recommendation to buy or sell any of the stocks listed. Due diligence is your responsibility. If you need professional investment advice then find a professional.

The green crayon returns. A few green up alerts with only a few orange down alerts.

Dow basically regained the loses from yesterday. I still do not trust any up move to be sustained for long. Maybe the up today was in hope of the President saving the world. Good luck. The tidal wave is huge. Eye on 7800 as potential overhead resistance based on support turning to resistance. As always will have to see what the future brings.

Thank you for your time.

http://spreadsheets.google.com/pub?key=p5g7vLKhkez4LurU79xIgIQ

Monday, February 23, 2009

BB23 Spreadsheet Link

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The spreadsheet link for BB23 is below. This is not a recommendation to buy or sell any of the stocks listed. Due diligence is your responsibility. If you need professional investment advice then find a professional.

Color me all orange down alerts. Not a single green up alert. I thought there might be more of the orange today given the move down, but then figured that pretty much everything has already signaled over the last few days and weeks. Not a lot left standing.

"Boom, boom, out go the lights." Ted Nugent I think.

If my guess of the Dow heading to around 6300 to 6400 becomes a reality then there are some points to watch for pauses along the way. Easy to figure out, all nines and all ~300 point down levels. 7500, (been there) 7200, (there now) 6900, (maybe) 6600, (maybe) 6300,(maybe). Just some levels to keep in mind in case the down move continues. Wiggles and twists are to be expected and no one knows if this is what the future holds.

Thank you for your time.

http://spreadsheets.google.com/pub?key=p5g7vLKhkez4KhwHpIPWFdw

Saturday, February 21, 2009

BB20 Spreadsheet Link

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The spreadsheet link for BB20 is below. This is not a recommendation to buy or sell any of the stocks listed. Due diligence is your responsibility. If you need professional investment advice then find a professional.

Orange, orange orange.

Feels like road weariness is setting in with all the tough realities hitting on a regular basis. Perhaps it is time for a kitten bounce. I have a feeling though (and just a feeling) that a thump is imminent. Like a hard punch to the gut.

Thank you for your time.

http://spreadsheets.google.com/pub?key=p5g7vLKhkez63hM99TSMrQQ

Thursday, February 19, 2009

BB19 Spreadsheet Link

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The spreadsheet link for BB19 is below. This is not a recommendation to buy or sell any of the stocks listed. Due diligence is your responsibility. If you need professional investment advice then find a professional.

Sharpen the orange crayon again. Lots of orange down alerts.

Dow closing under 7500.

Thank you for your time.

http://spreadsheets.google.com/pub?key=p5g7vLKhkez4gwvtEGMi5ew

Wednesday, February 18, 2009

BB18 Spredsheet Link

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The spreadsheet link for BB18 is below. This is not a recommendation to buy or sell any of the stocks listed. Due diligence is your responsibility. If you need professional investment advice then find a professional.

A second day with lots of orange down alerts. Short term perhaps the pendulum has swung to far. Extremes do not last. Maybe a dead kitten bounce in the next couple of days.

Call it a line in the sand for the Dow at 7500. A nice spinning candle something today. Since so many folks are looking at this level it has become important. It will not be a pretty sight if there is a breakdown through 7500. If it does hold watch for previous support to become resistance.

If a break down occurs my guess at the future would be a Dow around 6300 to 6400. Ouch. This is a very rough measure of the recent support and resistance levels. 6300 is a nine number while 6400 is a square. Remember this is just a guess and no one knows. To use a quip by Art Cashin, "it will happen at 10:30 Tuesday".

Personally I think that too many things are wrong with the big picture stuff for a positive resolution of the markets. My expectations are for more down. Of course the market will do whatever it wants in the future. As always it will be an interesting game to watch.

Thank you for your time.

http://spreadsheets.google.com/pub?key=p5g7vLKhkez4-XayE4NEgWg

Tuesday, February 17, 2009

BB17 Spreadsheet Link

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The spreadsheet link for BB17 is below. This is not a recommendation to buy or sell any of the stocks listed. Due diligence is your responsibility. If you need professional investment advice then find a professional.

Get out the orange crayon. A fair number of orange down alerts, only 2 green up alerts. Given a close to 300 point drop in the Dow this is not really a surprise.

How low can you go? Last Dow low in November of last year around 7500, today a close near 7500. Another 9 number showing up. Love the nines. A question now of whether a second stand can be made at this level. Retest or break down. No one knows. As always it will be interesting to see what the future brings.

Thank you for your time.

http://spreadsheets.google.com/pub?key=p5g7vLKhkez4awnS52aI4fQ

Saturday, February 14, 2009

BB13 Spreadsheet Link

Hello and welcome to my blog.

The spreadsheet link for BB13 is below. This is not a recommendation to buy or sell any of the stocks listed. Due diligence is your responsibility. If you need professional investment advice then find a professional.

Thank you for your time.

http://spreadsheets.google.com/pub?key=p5g7vLKhkez6TTPWTxY4oMg

Thursday, February 12, 2009

BB12 Spreadsheet Link

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The spreadsheet link for BB12 is below. This is not a recommendation to buy or sell any of the stocks listed. Due diligence is your responsibility. If you need professional investment advice then find a professional.

Hmmm. Last hour recovery of the Dow. Long legged candle pattern that will stick out on the charts. I am skeptical. Trust only your own thinking.

Thank you for your time.

http://spreadsheets.google.com/pub?key=p5g7vLKhkez7erAVdJlrYCQ

Wednesday, February 11, 2009

BB11 Spreadsheet Link

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The spreadsheet link for BB11 is below. This is not a recommendation to buy or sell any of the stocks listed. Due diligence is your responsibility. If you need professional investment advice then find a professional.

About even between green up alerts and orange down alerts. Dow world plumbing recent low levels. Have to wait and see if the lower levels hold. If a breakdown occurs then 7500 might be in the cards. Will have to wait and see.

Thank you for your time.

http://spreadsheets.google.com/pub?key=p5g7vLKhkez7B80Wsqp93Ug

Tuesday, February 10, 2009

BB10 Spreadsheet Link

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The spreadsheet link for BB10 is below. This is not a recommendation to buy or sell any of the stocks listed. Due diligence is your responsibility. If you need professional investment advice then find a professional.

Some pause. Orange down alerts return. Not as many as I thought would show up with the Dow down close to 400 points. "And the beat goes on." Sonny and Cher.

Thank you for your time.

http://spreadsheets.google.com/pub?key=p5g7vLKhkez7AOMVabQt0NA

Monday, February 9, 2009

BB09 Spreadsheet Link

Hello and welcome to my blog.

The spreadsheet link for BB09 is below. This is not a recommendation to buy or sell any of the stocks listed. Due diligence is your responsibility. If you need professional investment advice then find a professional.

Color me green up alerts. Only two orange down alerts. Have a feeling that it is time for a pause. Bumping into the longer term moving averages. May be overhead resistance. It is going to take some time for the longer term moving averages to change to a moving upward bias.

Thank you for your time.

http://spreadsheets.google.com/pub?key=p5g7vLKhkez7-NwwBHG5YdA

Saturday, February 7, 2009

BB07 DOW 30 Chart

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DOW 30 chart just to see where and when things might be. The middle line is at 8550.

"Time, time, time, see what's become of me. As I looked around for the possibilities. I was so hard to please." Simon and Garfunkle.

Thank you for your time.

Chart courtesy of http://stockcharts.com/

BB06 Spreadsheet Link

Hello and welcome to my blog.

The spreadsheet link for BB06 is below. This is not a recommendation to buy or sell any of the stocks listed. Due diligence is your responsibility. If you need professional investment advice then find a professional.

A lot of green up alerts.

Thank you for your time.

http://spreadsheets.google.com/pub?key=p5g7vLKhkez6zUo7h8Ec0Lw

Thursday, February 5, 2009

BB05 Spreadsheet Link

Hello and welcome to my blog.

The spreadsheet link for BB05 is below. This is not a recommendation to buy or sell any of the stocks listed. Due diligence is your responsibility. If you need professional investment advice then find a professional.

Thank you for your time.

http://spreadsheets.google.com/pub?key=p5g7vLKhkez5OAQPoQjBIdg

Wednesday, February 4, 2009

BB04 Spreadsheet Link

Hello and welcome to my blog.

The spreadsheet link for BB04 is below. This is not a recommendation to buy or sell any of the stocks listed. Due diligence is your responsibility. If you need professional investment advice then find a professional.

The alerts are about even. Just marking time.

Thank you for your time.

http://spreadsheets.google.com/pub?key=p5g7vLKhkez4aOdc_z_YBbQ

BB03 Spreadsheet Link

Hello and welcome to my blog.

The spreadsheet link for BB03 is below. This is not a recommendation to buy or sell any of the stocks listed. Due diligence is your responsibility. If you need professional investment advice then find a professional.

Thank you for your time.

http://spreadsheets.google.com/pub?key=p5g7vLKhkez47-RViBzcXWQ

Tuesday, February 3, 2009

BB03 Deleverage Article

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Each month I read the free post at http://www.contraryinvestor.com/mo.htm, this morning was no different and as usual it was informative. Perhaps I liked this months article a lot because it said what I wanted to hear. Validation of ones beliefs always sound good. Essentially it talks about how it will take a fairly long time to deleverage the leverage out of the economy. A quote from the article follows and you can hit the link to read the whole thing, complete with charts. Thank you Contraryinvestor.

Thank you for your time.

"In summation, debt growth throughout the broad US economy, exclusive of the asset backed securities markets (that is in clear deleveraging mode) and the Federal government (that is in clear leverage acceleration mode), has only slowed, but not gone into net contraction. As per the nearer term directional trends seen in the charts above, it appears households and the non-financial corporate sector are either in or will enter the process of net leverage contraction (deleveraging) very soon. Consumption, production and price deflation trends in a number of asset classes (primarily residential real estate and equities) has occurred up to this point against a backdrop of only slowing household and corporate debt growth. Just what will happen if/when household and non-financial corporate leverage begins to actually contract in nominal terms? THAT’s the key question for us as investors over the quarters directly ahead. The markets have priced in sector implosion (financial sector) and the potential for a recession of a mid-1970’s/early 1980’s magnitude. But, the broad deleveraging process has really just begun. We have a very hard time seeing this process truncated in the quarters ahead. The potential clearly exists for a multi-year reconciliation process. Have the markets already priced in a multi-year deleveraging process, with specific emphasis and implications as per consumers? That we do not believe has happened, except maybe in the Treasury market. You already know we will be monitoring and discussing these very issues as we move forward. Deleveraging is not done. As you can see, it has barely begun."

Source: http://www.contraryinvestor.com/mo.htm February article.

Monday, February 2, 2009

BB02 Spreadsheet Link

Hello and welcome to my blog.

The spreadsheet link for BB02 is below. This is not a recommendation to buy or sell any of the stocks listed. Due diligence is your responsibility. If you need professional investment advice then find a professional.

I kept trying to run for the train today and of course missed it every time. This is a reference to making your time, well, your time. Many things got in my way as I tried to hurry up. "You can not dance faster than the music." Russian saying from Dongoro.

The market seems to be just marking time right now. Almost even between green up alerts and orange down alerts. Small bias towards the orange. Have patience and let the market show its' time.

Despite all the "maths" using indicators and models for the market there are only three things of real importance. Price, volume and time.

Thank you for your time.

http://spreadsheets.google.com/pub?key=p5g7vLKhkez6QS1qPpnOORg