Charlie Anderson's  Instablog

Charlie Anderson
Send Message
I am currently a student. I use a mix of technical and fundamental analysis to arrive at investing prospects and then do in-depth analysis.
  • Weekly Outlook, 9-11 0 comments
    Sep 11, 2011 9:06 PM

    After another bad week, my pessimism remains undaunted. There seems to be no shortage of new bad news. This week saw risk of a Greek default, the resignation of a major European economic official, and a lackluster response to Obama's latest effort to pump up the economy. Things look bad. The pattern that we are in right now is called a bearish pennant. It is, as you may have guessed, bearish. As I predicted in my post on August 4th, the market retreated to approximately 1150. I will admit that my prediction wasn't great, as that was not exactly the market bottom. I also expected the market to bounce back up to around the 1260 level, but it only got up to about 1230. Now it look set to continue falling. Supported by both the technicals and fundamentals, it makes me glad I got stopped out of GM & MT this week. I'll look to buy back both of these at lower prices in the coming weeks depending on conditions.

Back To Charlie Anderson's Instablog HomePage »

Instablogs are blogs which are instantly set up and networked within the Seeking Alpha community. Instablog posts are not selected, edited or screened by Seeking Alpha editors, in contrast to contributors' articles.

Comments (0)
Track new comments
Be the first to comment
Full index of posts »
Latest Followers


  • FSLR is approaching the bottom end of its range between 100 and 150.
    May 26, 2011
  • GES broke out of the symmetrical triangle formation today on 1st quarter results.
    May 26, 2011
  • GES is near the upper limit of a large symmetrical triangle formation, and will hopefully break out to the upside.
    May 17, 2011
More »

Latest Comments

Most Commented
Instablogs are Seeking Alpha's free blogging platform customized for finance, with instant set up and exposure to millions of readers interested in the financial markets. Publish your own instablog in minutes.