ChartWatchers

December 2007

ChartWatchers

INFLATION'S BACK!

by Chip Anderson

Three consecutive economic reports have shown that inflation, after lying dormant for several years, has been rekindled. The Fed, surely armed with the economic data we've seen, decided to lower the fed funds and discount rates by another quarter point each... Read More 

ChartWatchers

A HEAD-AND-SHOULDERS FOR DIA

by Chip Anderson

Is that a head-and-shoulders pattern taking shape in the Dow Industrials ETF (DIA)? While it has yet to be confirmed, traders and investors should keep a close eye on this chart in the coming weeks. The potential head-and-shoulders pattern extends from June to December... Read More 

ChartWatchers

RETEST IN PROGRESS

by Chip Anderson

Two weeks ago I stated that the rally off the November lows signaled that a bottoming process had begun, and that, after the short-term rally topped, we should expect a retest of the November lows... Read More 

ChartWatchers

RETAIL WEAKNESS IS A BIG PROBLEM

by Chip Anderson

The two charts below demonstrate part of the reason why recent Fed moves haven't had much of a positive impact on the stock market. It has to do with negative fallout on retail spending resulting from the housing meltdown... Read More 

ChartWatchers

OBJECTIONABLE PRICE OBJECTIVES

by Chip Anderson

Hello Fellow ChartWatchers! Every week we hear about a couple of message board posts that have appeared on some website somewhere which essentially says "StockCharts... Read More