I'm Gonna Bop Into The Local Woolworths An' Pick Up A Skate Key An A Handfulla Church Keys For The Be In At The Park This Weekend....
Saturday, November 14, 2009, 03:18 PM
Some people regard private enterprise as a predatory tiger to be shot. Others look on it as a cow they can milk. Not enough people see it as a healthy horse, pulling a sturdy wagon. —Winston Churchill
On this weekly three year chart, I'm looking at possible resistance on the downtrend line.
On this daily 8 month chart, I'm looking at repeated drops to support on earnings announcements followed by steep uptrends. Lately I see an up first two weeks of the month and down last two weeks of the months. I'm also seeing a drop through support and and testing resistance. That will resolve soon and determine what I'll do with the 401a. I'm 70%/30% stocks/bonds. At this late date it's got more risk that I'm comfortable with, but asset allocation and risk management means seeking return and matching risk and reward. We'll see.....