Whether you’re a bull or a bear, it all comes down to today or tomorrow (a new month). Check out the charts below (notes are on the charts):
Questions? Comments? I appreciate all input/criticism.
What do you make of HOG and DCIX? HOG I shorted at 51.40 only to see a 2% rise. DCIX I closed out some exposure for a 6.8% profit (ahead of the dividend payout of 30 cents/share, but a bird in the hand is worth two in the bush).
Thanks for posting your work.
HOG is in a cup and handle pattern (bullish). It completed its handle and is now moving up to test $54.62. Did a post on HOG (second chart) http://chartianity.wordpress.com/2013/01/31/stocks-to-watch-01312013/
DCIX has that gap to fill at $6.90. It has a horrible looking chart though, a large sideways pattern for nearly two years. And the dividend looks unsustainable. A company making less money every quarter will eventually cut the dividend (they’ve had declining profits for three consecutive quarters).
That DIA chart is beginning to look like a megaphone pattern, starting from Feb 4. Higher highs, lower lows. Something to monitor, especially if we take out new highs tomorrow and then fall back.
Duly noted, I’ll keep an eye on that. On a side note, I am getting more and more negative as the days go by. Luckily I have options that are a couple months out, but I refuse to add a long right now.
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