KFT … Can I Have Some More Please? (by Leaf_West)

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One of the charts that is making a move today is KFT … looking at the longer time frame charts flies in the face of commodity inflation nailing food manufacturers/processors.  The only thing I can think of is that people are stocking up with Kraft Dinner because they are either broke or are awaiting the upcoming Armagedon/end of world scenario.  Last time I noticed KD was still $1.16 at Wal-Mart.  When it goes above $1.25 I will double my initial KFT stock position …

KFT_April14, 2011_Daily_Relative to SPY

KFT_April14, 2011_Daily

KFT_April14, 2011_weekly

Cheers … Leaf_West………..Visit my blog