"As a technician, I feel that there are few analysts that offer value for me, but you do. Your work on Gold ratios has helped my analysis greatly." --Jordan Roy-Byrne, CMT (The Daily Gold) 4.9.10

Monday, March 26, 2012

Want to see a bullish Cup & Handle?

Here it is and it resides in the chart of PFE.  NFTRH180 talked about how there will be many beneficiaries if 'The Hero' succeeds in inflating the banking system out of its well-deserved predicament.  These could include global markets and select companies here at home.

Pfizer does not seem to think it sees anything it does not like in Bernanke's ZIRP to infinity world.  Now that PFE has gotten above the right side rim of the Cup, the target of around 27 is activated.

I do not own PFE and am not likely to, but here in i2k12 (inflationary 2012), I am not just a gold bug.  Of course, the objects of Ben's affections, the too big to fail banks, are doing well.  Count in multi-national corporations for an invite to the party as well.

http://www.biiwii.blogspot.com
http://www.biiwii.com

at 3/26/2012 01:35:00 PM
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3 comments:

  1. Why wouldn't you want to own Pfizer, Gary? They make drugs and have a nice dividend.

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    1. Have in the past, not sure if there is priority room for it now. Today I added Singapore to the emerging theme and topped of Keegan. Slooooowly I proceed w/ i2k12.

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  2. BTW, any interest then in THD or EIDO? Thailand's an EM but also a well-developed advanced manufacturing country with exposure to all its neighbours, and Indonesia's a lower-level EM. I know you'll hate the charts though....

    Personally I picked up some Telefonica. High dividend, and since LatAm miner costs are exploding as we've read, I thought I'd like to get exposure to the consumer side of LatAm.

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