Siemens has pretty much the same chart as Encana. Notice that the C leg drops down a lot more. In almost all respects both charts are similar except that Encana is 3 years behind in time.Click on charts and you can slide them side by side.
Month: June 2011
CL, Colgate getting there.
Then and now ;
Now that we have a little more detail it is starting to look like the ultimate target is about $92. Presently the stock is at about $89 and change , so another $3 to go. On the options that should reduce the price by about $1.50 to $5.70 bid/$6.70 ask, approximately where we anticipated it to be a while ago;
Once again I do not for a moment pretend that this is the option that one should chose; all choices throughout the range of strike and time should be priced accordingly.
EEM (and XEM), Emerging markets
Back in January it was anticipated that this ETF would not trade above roughly $50. So far at least it has not. The pattern is fairly clear. An a-b-c in which the b is a very nice expanding triangle. The c wave travelled about 60% of the a –wave ( normal) and peaks at the appropriate time. Emerging markets are always the last investments to turn, if for no other reason than that no one really knows what is in them. The possibility of one more high is quite remote as it stands, so it should be high time to reduce one’s exposure.