Miss Moneypenny Posted March 4, 2003 Report Share Posted March 4, 2003 Damn -- I had no idea that 3M was 11% of the DOW!!! Well no wonder they wanted the whole US of A to go out and buy Duct tape then! Thanks for the research and for puttin' everything in one handy place to refer to. Link to comment Share on other sites More sharing options...
richmtn Posted March 4, 2003 Report Share Posted March 4, 2003 Thanks K I'm short IBM. I think a break below 76 will start a cascade. Link to comment Share on other sites More sharing options...
Pigeon Posted March 4, 2003 Report Share Posted March 4, 2003 KW, nice work.... and it was a lot of work. I had started to do something similar for myself last night using stockcharts perfcharts, based on the highest priced stocks, and then comparing their performance over past several months. But it was a LOT of work and I gave up. Certainly nice that you finished the job on your research. We ALL appreciate the analysis; I know I do! I went ahead a set up a folder in stockcharts with just the Dow stocks you've zoomed in on so I could keep them in my favorite form for quick review: 6 mo daily, candle, 10 & 20 ema, and 50 & 200 sma, vol, MACD, Wm%R, and ADX, along with support on one that are breaking down like PG & UTX . I wonder how long they can milk IBM and MMM. I suppose until some news hits that IBM's pension situation is more than they originally thought and MMM has some type of derivative exposure (guessing on that one). Only "ticket takers" making money on these two, or maybe big players / MMs sitting on covered calls, collecting profits. Although covered call writers may have made their money already when the put call ratio went from the highs of early Feb, down to the current lows. Link to comment Share on other sites More sharing options...
Grand Poopercycle Posted March 4, 2003 Report Share Posted March 4, 2003 Nice work; it is appreciated. Link to comment Share on other sites More sharing options...
K Wave Rider Posted March 4, 2003 Author Report Share Posted March 4, 2003 We made some VERY good progress today. Charts really starting to shape up. We are so close to the edge here. Link to comment Share on other sites More sharing options...
K Wave Rider Posted March 11, 2003 Author Report Share Posted March 11, 2003 Just thought I'd bring this to the top again. We are getting much much closer to the edge. One more good down day should turn turn 'em loose. Link to comment Share on other sites More sharing options...
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