3 replies to this topic

[muppet]

Long term utilities chart look good, although they're currently correcting. Any fearless forecasts? M.

[fib_1618]

Only correcting, short term internal bottom likely...higher price highs to come after additional price decay. Be aware though that the next move up will more than likely be that of a termination sequence of the bull market for this sector....but good money can be made before this top is eventually seen sometime next year. Fib

[Islander]

I have traded utilities for 20 years. Their price action seems to correlate best with interest rates (inverse). I expect that gold is starting to telling us that an asset deflation is coming in 2008. Interest rates will likely fall for a time, then the Fed will fight back and lower interest rates. The dollar tanks, stocks follow the dollar down. Utilities will likely be a stable investment. The demand for utilities is relatively inelastic so they have stable cash flows. All dividend paying stocks look good to me now days if they are international. I am feeling bearish these days so maybe this is too severe. Oh yes, I have been wrong- often!! Best, Islander.

[vitaminm]

Long term utilities chart look good, although they're currently correcting. Any fearless forecasts?

M.

XLU / 15min buy if fails

60min -dly- wkly sell>>>>>35


http://finance.yahoo...1&s=xlu upw sdp