Daily Archives: December 22, 2009

For Clarity’s Sake

By -

As we amble our way toward Christmas (and, yes, it is "Christmas" – – – not "Holiday") things are getting progressively more quiet here on the blog; I don't expect traffic to pick back up until January 2nd. But I'll say this……….

Yes, I'm enthused about a large number of bullish patterns (for me, anyway), and I'm talking about plenty more long setups than I usually do. But, just to be clear, my multi-year view is still aiming for the target you see below:

1222-longerm
 

My belief in certain techniques (and gurus) has definitely been shaken this year, but my long-term viewpoint has not. So, in case it isn't abundantly clear, I just wanted to say so.

Continued good luck with your wrapping and dinner preparation duties. We're hosting Christmas this year, so it's going to be a big one. Oh, and thanks for the beautiful Christmas ornaments, which I just received today.

URE Merits Another Mention

By -

I'm starting to wonder if I should more aggressively pursue the domain WallOfWorry.com since I keep focusing on bullish ideas instead of bearish ones. Anyway, I bought a largish block of URE earlier today. My chart-brain (bullish on this) conflicts with my state-of-the-world brain (real estate?!?!!?!?!?), but this is one of the finest charts I've seen in a while. A break above $6.99 would totally seal the deal.

1222-ure