Tag Archives: technical analysis of stocks

Is Colgate Palmolive ready to jump?

Posted on December 1, 2008 by Ramki

You might be wondering if Colgate Palmolive is preparing for a strong move higher. The weekly charts show that the stock has reached its Elliot Wave targets (a 3-wave correction that also complies with some Fibonacci projections). The daily charts show higher bottoms, and a period of consolidation with the stock tantalizingly poised near the upper boundary Continue reading →

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Should we sell short JPM?

Posted on November 30, 2008 by Ramki

David has added JPM to his short watch list, and has asked what I thought. On 18 Nov, this stock had closed at $32.14. On 21 Nov, it posted a low of 19.69, a loss of nearly 39% in 3 sessions! And just four days later, it has traded at 31.93, a gain of 62%. Wow! After such incredible moves from a giant in the banking industry, one need to look carefully before taking a position. Continue reading →

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What is a significant rally in the stock markets?

Posted on November 30, 2008 by Ramki

I read the following in Friday’s FT and thought it is useful to quote here. “History provides some useful benchmarks. After the horrible 1973-74 bear market, equities traded up, though unevenly, until 1982 with six specific bull runs that generated an average 32 percent gain”…but, a buy-and-hold strategy over that time period yielded only 9% compounded annual gains, which merely kept pace with inflation. Continue reading →

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Posted in European Stocks, Nasdaq, S&P500, US Stocks outlook | Tagged , , , , | Leave a comment