Image Source: Unsplash
Designing, manufacturing, and selling for-profit devices that can maim, mutilate, and incinerate people is a long-standing American industry. I personally don’t believe in the classical Hell, but I suppose if there was one, the senior management of all “Defense” companies would be nice candidates.
In any case, here is a multi-decade chart of Northrop (NOC), which had a grand old day and has, quite obviously, been a sensational stock for a very long time.
What struck me during this War Is Awesome bullgasm was the trendline. This line, which dates back to the 2009 bottom, was tagged TO THE PENNY today. Absolutely amazing!
I’ve been charting for decades, but I never cease to be amazed at the power of these simple support/resistance delineators.
More By This Author:
Commodity Gap Coming UpSpilled Milk
Line Power
Comments
Log in or sign up to join the conversation.