Putting In A Bottom?

AIG, Yingli Green Energy (YGE) and United Steel (X) looks to be putting in a bottom. Savvy investors/traders with the patience to wait should be coming in and putting their money on the sidelines to good use by now with the 3 stocks looking to be under accumulation.

Click on chart to enlarge (X)

 Click on chart to enlarge (AIG)

Click on chart to enlarge (YGE)

S&P500 (Target 1880pts) & Coca Cola Company

Bears have staked their claims on the bragging rights till the next short term support of the S&P500 index at 1880 points. Bears have pierced the bullish support at the 50 DMA and looks to advance deeply (lower) in no time.

Click on chart to enlarge (S&P500)

Even Warren Buffet's Coca Cola company, a very strong dividend play, looks to be topping out with its multiple top formed on the weekly chart. This leads me to believe that the stock markets have further room to fall and the drop will be very broad based. Check out its weekly and daily chart appended below.

Click on chart to enlarge (Weekly Chart - Coca Cola Co.)

Click on chart to enlarge (Daily Chart - Coca Cola Co.)

Toppish Patterns - Get ready to ignite short positions

Things really change fast in the financial markets. As of close of 13 Dec 2011, it seems more likely that the markets are setting up for lower prices to come. Many leadership stocks are exhibiting toppish patterns and looks likely to roll over anytime. Tricky situation.

Click on chart to enlarge (Dow Jones Index)

Click on chart to enlarge (Apple Inc)

Click on chart to enlarge (LVS)

Click on chart to enlarge (CF)

Click on chart to enlarge (Chipotle Mexican Grill)

Get ready to ignite short positions!

AIG - Double Bottom Formation?

To go long or short? That is the question.

The huge move up by the S&P index formed an inverted H&S of sorts on the daily chart with the 200day resistance at 1265 pts creating resistance. Is this going to be a bullish call? I would want a clean break above the 200day MA to be long though. Is this a time to go long or place your short bets? It will be prudent to remain open-minded at this current moment.

Click on chart to enlarge (S&P 500)

United Steel (X) has formed an inverted H&S bullish pattern. The confirmation of this pattern will be break of the neckline. I would suppose traders would place tons of buy stop at slightly above the neckline, me included.

Bank of America - Double bottom?