Monday, February 25, 2008

Feb24 reading: the rest

$SPX:

$CPC:

$VIX: last week's prediction is correct.

$UYG: last week's prediction is correct. It's forming a U-bottom and will reverse soon.

1. Financial

C: last week's prediction is correct. It's still in the slow downtrend, also looks like a U-bottom.

JPM: prediction is not correct, it didn't go down a lot in the last week. Now it has reversed the trend and been ready to go up (U-bottom).

2. Technology

IBM: prediction is not correct. Now the near-term trend is up. It should be able to go up to 111+ in the near future.

AAPL: prediction is almost correct (down trend), but it has gone lower. In the next week it may go even lower but reversal may happen any time.

GOOG: prediction is wrong, but now it may be at the bottom and should go up soon.

MSFT: last week's prediction is wrong. The near-term trend is down.

T: wrong prediction, the correction was too great. The near-term trend is down.

RIMM: prediction is completely correct. It has broken the resistance with a upward gap and gone back to the up trend.

3. Resource

XOM: prediction is correct, now it's in a uptrend and towards 90.

4. Transportation

DRYS: wrong prediction, it has been up in the last week, and the trend is still strong although STO looks toppy.

FDX: same as last week.

UPS: wrong prediction. Correction came earlier than expected.

5. Industry

BA: wrong prediction. The last pattern is not a triangle, and it may go up in the next week.

GM: down!

DD: it has gone down but hasn't reached 44 yet. It will go further down in the next week.

MMM: wrong prediction. It went neither up nor down in the last week. It seems in a down channel. In the next week it will go down.

6. Medical

JNJ: will go up after some days.

7. Food, consumer

MCD: wrong prediction, but it will go up after some days.

PG: wrong prediction. It looks like in a near-term up channel. The next trading day will decide its direction. If it doesn't go below 65.5, it will go up.

KO: wrong prediction. It hasn't reversed the trend yet. The near-term trend is bearish.

WMT: prediction is correct, it is going up.

8. ETF

VWO: correct, bullish!

EWZ: correct, bullish, but a small correction is due.

ILF: similar with EWZ.

FXI: down channel, forget it in the near-term.

XLE: it has gone up, means the candlestick pattern is incorrect. Now the trend is still bullish.

XLB: bullish.

GDX: prediction is correction, upward breakout happens. Bullish!

DBA: same as last week, wait.

MOO: correct, bullish!

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