Jim Cramers vs. The Triangle Trade
While you can’t deny Jim Cramer knows something about trading, as time goes by it seems like even a baby could make better trades decisions than him. Hate it or not, that is the price you pay when all your thoughts are made publicly over the airwaves.
At the beginning of the year Jim Cramer shared is top five stocks for 2009. Although we are just almost done with the first month, it is never too early to start comparing picks.
To truly put Cramer’s picks to the test, we will compare them with the MarketClub triangle trade technology. Regardless if a stock is down 25% already, that means it needs at least a 50% move just to get back to where it started. Hey, its only the beginning of 2009, nobody is saying it is not possible.
Anyways for 2009 Cramer is recommending these 5 stocks followed by their closing prices as of Jan. 8:
- Caterpillar (CAT) @ 44.48
- Home Depot (HD) @ 24.38
- Johnson and Johnson (JNJ) @ 59.02
- Hewlett Packard (HPQ) @ 37.61
- Verizon Communications (VZ) @ 32.42
According to to the triangle technology there is a bearish trend continuing on all 5 of the stocks listed above.
For those unaware, the triangle trade is purely a mathematical algorithm that puts all emotions to the side and keeps you on the side with the better odds.
Take a look at a video we have put together of all the charts and breakdowns the triangle trade has predicted for Cramer’s stocks of 2009.
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