Tuesday, February 17, 2009
The hit parade chart-o-rama
Many new lows today. I was looking over S&P 500 charts of companies for names I recognize and checked a few hundred charts (yes, I need a new hobby). It was amazing to see the number of well-recognized companies in various industries that made new bear market lows today - below the fall lows.
WARNING: The following charts below may induce depression and/or stomach cramps among perma-bulls and could cause Cramer's head to explode. Without further ado, here's the bear hit parade as a continuation of my previous post (all 6 month charts):