Saturday, May 28, 2011

Three Stocks That Appear to Have Hit Major Cycle Lows Recently Are BCON, DEXO, and FTWR


Three Stocks That Appear to Have Hit Major Cycle Lows Recently (based on extremely strong price/volume action, looks like a strong buy signal in each case; the Elliott Wave count, bullish weekly candles in the case of BCON and DEXO) Are BCON, DEXO, and FTWR, see the second Weekly View charts at http://stockcharts.com/freecharts/gallery.html?s=bcon, http://stockcharts.com/freecharts/gallery.html?s=dexo, and http://stockcharts.com/freecharts/gallery.html?s=ftwr. DEXO has the best looking/most bullish/"cleanest-looking" Daily and Weekly View charts.

I'd wait for more follow through to the upside in each case, especially since the overall Stock Market appears bearish both near term and long term. There's always more risk when one trades or invests without the wind/Market at one's back.

Also, FEED might have hit a Major Cycle low on Friday 5-27-11, see the second Weekly View chart at http://stockcharts.com/freecharts/gallery.html?s=feed.

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