Archive for January, 2009

This Chart of the Dow Shows Opportunity…

I woke up this morning… grabbed a cup of coffee… and sat down at my computer looking through charts.

Most of what I saw was ridiculous crap. Stuff not even worth mentioning (expect to say that they sucked)

But then this GEM popped out at me…

Dow Jones Chart

This is a 15-minute chart of the Dow Jones.

Notice that 200-unit resistance that has proved quite resiliant. Well, if the Dow can hold its 8,000 support and break above this 200-unit average, then the Dow is rallying.

I really like the fact that neither the RSI or Slow Stochastic are anywhere near overbought. That means the fuel is there for a move much higher…

Hmm… There’s a great credit-spread one can do : )

One Thing I Should Say Now…

I’ve been writing for http://www.contrarianprofits.com for the past month now.

You can see my writing in the ‘Chart of the Day’ section of the site : )

I’ve also been tasked with the duty of finding them great recommendations.

Should be easy though – investing in times like these is pretty straight forward. You just have to have the “cohones” to do what your gut tells you to do. Half the times, everyone else will think you’re crazy. But then again, you and I know better…

By the way, should probably toss you a bone and let you know what I think the best place to put your money is…

Well, I don’t really trust the stock market much. But I do trust discount retailers (do a Google search).

Otherwise, you can sell me a high-interest, high-grade corporate bond trading under par and with a short-term maturity any day (now that was a mouthful)…

Admittedly though, it’s about 3:33 AM on a Friday night. I think I’m going to crawl back in my “money making” cave (you know, the bed).

Take care,

Charles

P.S. My lazy designer informs me that a design for the blog is coming soon! Which means I have to work on giving you a lot more content (money making wisdom, stock market tricks, and a thorough analysis of the big picture!).