by Ramki | Dec 17, 2008 | US Stocks outlook
On 1st December 2008 we looked at Colgate Palmolive and decided that although it looked ready to breakout of a series of resistances we would be better off waiting for a small dip. This has materialized. The weekly charts are still not encouraging of a big exposure...
by Ramki | Dec 16, 2008 | US Stocks outlook
First, why did I choose SBA Comms Corp for this trading idea? The reason is quite simple. Someone drew my attention to a potential wedge like pattern that is bearish. Can this stock go a lot lower that the $9.49 already seen? Perhaps. But for that to happen, we need...
by Ramki | Dec 15, 2008 | US Stocks outlook
A lot of traders are under the impression that technical analysis will give cut and dried answers to their trading challenges. Many of those who practice Elliot wave analysis also have this notion. How I wish life was so simple! All that technical analysis does is to...
by Ramki | Dec 9, 2008 | US Stocks outlook
I am quite sure that many traders have gone long on GM expecting a nice rally once the bailout details emerge. Question is, where should we take profits? Take a look at the attached chart. You will see two tops back in mid October. That is your crucial level for now....
by Ramki | Dec 2, 2008 | US Stocks outlook
This is a quick post, following up on the 19 Nov post where we were looking for resistance at $36 for Hewlett-Packard Company (NYSE:HPQ). The stock has embarked on a correction from precisely that level, and it looks like we could get to test below $32 in the coming...
by Ramki | Dec 2, 2008 | US Stocks outlook
Rambus Inc, a closely watched Nasdaq stock, has shot up from its recent low of $4.95 to close yesterday at $11.39. While there are clearly some fundamental reasons behind the aggressive buying (court ruling in its favor, perhaps?) the time was ripe for this rally from...
