Tuesday, February 24, 2009

This deck might not have 52 Cards, but "THIS HOUR HAS 22 Minutes" fur shure





















So this HOUR doesnt really have 22 minutes, but there are 17 CHARTS here.

WHY ?

Well for the simple reason that 15 of these 17 have maintained their chart formation and upside objectives
IN-SPITE of the bloodletting that is going on.

OH YES >
SUPPORT LEVELS !!!

Yes these stocks got support levels. ! ! !

It is interesting to hear that these stocks are HARD-TO-BUY,
and now have come down to
SUPPORT ! ! !

For those who get the DGS Letter, oft, we talk of "SUPPORT LEVELS", which
then puts us back in the
ACQUISITION ZONES.

Yes, that is a scary idea, ACQUIRING STOCKS while they are DOWN, but that
also reminds me of something
I once heard: BUY LOW,
SELL HIGH.

Actually, this just could work!

Now, if your concerned about the potential for getting whacked when you buy into a decline, you can enter a HEDGE.

What kind HEDGE?
HMM, maybe a some GDX Options? How about some Negative ETF's in the same sectors?

Maybe in a forthcoming post we will look at some projections for $HUI.

Seems to me, that a lot of readers here, if not GoldBugs, are at least Precious Metals Partisans, so if you liked gold in the 700's, 800's, well now its in the 900's. YUMMY !!

have fun ya'll

DG

NEW ITEM on Sidebar

Frequently in the DGS Letter I refer to support levels, and ACQUISITION ZONES.

Today I installed at the top of the SIDEBAR section, a box for STOCKCONSULTANT.

You may enter up to 10 different symbols, and you will get 5 pages of technical data on that symbol.

The page I find useful is page 4, and it does a good job of listing various SUPPORT areas.
It also lists RESISTANCE areas, which again, for your basic robot, does a good job.

That it wont give you an upside target calculation is probably NOT of immediate concern to anyone as the SUPPORT and RESISTANCE info it yields is probably the most useful item they have.
It will give individual site visitors here 10 free symbols which will give you a look at their support and resistance levels, which IMO, is helpful. The up and downside objectives are based on the support and resistance levels, so you can make up your own Scientific Wild Guess as to where the objectives, upside and down, might be. I subscribe to some of their services as it helps me scan some sectors, but that is neither a recommendation or a condemnation.

ENJOY,

DG



I arrive at my SUPPORT LEVELS a little differently than Stock Consultant, but the results are similar, so that readers wanting to peek in a bit deeper, can at their leisure. ENJOY

GUESTBOOK