The Dow's biggest losers? It sounds like a new reality show. After looking over this list of the
Let's first put our best foot forward:
STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks with serious upside potential in the next 12-months.
Yet this weekly chart of Microsoft is pretty positive. The slope of the 40-week moving average line is positive as it has been for much of the past three years. The on-balance-volume, or OBV, line has been constantly rising the entire time, telling us that buying has been more aggressive than selling. This suggests that the sideways price action in recent months could ultimately give way to new highs for the move up.
This promising-looking OBV line on a weekly timeframe is not matched on the daily chart. While the two timeframes don't match up, the tie, in my opinion, goes to the longer timeframe. The
The third chart is a Point & Figure chart. This kind of chart dates back to the 1880s in the U.S. and could well have been used by Charles H. Dow. The chart...