In-depth technical analysis on various financial markets with emphasis on short-term trading and the art of charting.
Saturday, October 18, 2008
WEEKLY TECHNICAL COMMENTARY
Hi! This week's issue will be posted in the wee hours of Monday like they have been (around 6-8AM). It's been a quiet weekend so far, so expect it to be a very short issue. In the meantime, try out the Free Trend Analysis and tell me what you think.
MON, I was looking at your chart, and I've decided that MON support is the weekly 200 day at $61. MON, in three years has traded around 15X forward earnings or better and at $4 earnings for 2009, that coincides with $60. Well, time will tell.
hey John, I didn't know you had a blog?
ReplyDeleteI wish I knew.
well this is hot !!
what the hell?! You serious Z? wow...well, now you know! Visit often, I welcome your comments.
ReplyDelete-JL
MON, I was looking at your chart, and I've decided that MON support is the weekly 200 day at $61. MON, in three years has traded around 15X forward earnings or better and at $4 earnings for 2009, that coincides with $60.
ReplyDeleteWell, time will tell.
in an emotionally charged, fear-driven market, fundamentals gets thrown out the window and do not work well during periods of extreme irrationality.
ReplyDelete