Starbucks Looks Down, but Not Out, If You Have Patience

So many concepts that used to be so clear have become so cloudy, or at least are in the cloudy part of the pendulum swing between clear and cloudy. For example, value used to be a term that most in the investment world could understand, but now few do, as valuations have skewed higher over the past decade, as governments flooded the markets with liquidity. Patience is another term that has become less understood, as the time durations that used to take weeks, months and years, now take hours, days and weeks.

Here's the monthly bar chart of Starbucks (SBUX) , which shows some objectively negative indications for the next several months, as price recently reached overbought extremes that typically require some relief selling pressure. Then, once the buying extremes are neutralized, the next uptrend will have room to rise....444 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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