remember i'm not a chartist but i play like whun i have to.ne if the questions and answers on the conference call revolve heavily around their national chris risk or currencies or crisis in asia or europe or anywhere else be prerptd prepared for a hammering this current quarter. and if the stock goes down big when you expect it to be doeg up later it may be the chart coming and giving you a chance to get in cheaper than you otherwise ever had a chaps nce to do. now you are ready for the rest of earnings season. go get them and tell them cramer sent you. dean in california. dean. >> caller: hello, cramer. from beautiful marin county. >> man, is it gorgeous out there. how can i help? >> caller: i check my stocks at the end of the day, and usually you'll see a little blurb on the news headlines that says, for instance, a particular stock has a close or a buy in balance at the end of the day. >> right. >> caller: and then they'll nape name the shares. what i want to know is exactly what exactly do these close in balance mean and do they have any i

i'm not a chartist. i pick stocks based on the underlying company.hat does bob lang have to say about the action? he thinks the technical picture is downright beautiful. he thinks it is like the metropolitan museum of art. when you look back two years, goldman is still down. you have to. however, he believes that the stock is ready to come back with a vengeance. goldman has made what lang describes as a great looking w bottom pattern. it looks like a w. this is one of the most reliably bullish patterns. it tends to move up sharply. it is seemingly about to begin. today, goldman broke out above an important ceiling at $125. if goldman crosses the $140 line then lang thinks it can run up to the $170 area. goldman had a big rally over the summer. it was building a base. that base was a springboard for it to go higher. goldman is now above all of its key moving averages. it is above all of them. when you look at the volume, it seems people have been buying goldman pretty aggressively since the beginning of december. the volume has been very strong when t

you know i'm not a chartist, at least at heart. i'm a fundamentalist, the best way to define where ab individual stock or the entire market is headed is to look at facts of actual companies. create a world view. ultimate ultimately, i think the market is in washington's hands at the moment. while i wait for a fiscal cliff resolution, the charts can be most helpful. we keep coming back to barodin, her work is most eerily prescient. she called the tof tp of the in within ten points of where it peaked. right here in september. and went cautious, all of these followed on our show. told us she was drawing a line in the sand and said if it dropped below 1396, we were going to get hammered. i regard that as a hammering. sure enough in early november, right after the election, we did indeed get pummeled, the really nasty streak. she called that. the last time we checked in with her was november 20th when the s & p started rallying after the monster move. the monster decline, and then here, trying to figure out if this was real? we went to

those people then impact the chart and the chartists signal code red which causes the institutions toerhaps, the stock can bring down the performance, which brings in still more selling. >> sell, sell, sell! >> it's a vicious cycle down. it makes a ton of sense. let's talk about what can happen here. year end, 2013, it will be too late to sell to get the tax break. we'll find out, i believe, that apple's ipad sales are through the roof, including the mini, the iphone will have bigger sales than we thought in the u.s. and will start taking share in china, all the big carriers will be selling it and an omg product might be on the way. the market capitalization will still be outsized versus the rest of the market, and that i don't like. there's nothing you can do about the rest of the market, right? as we said on "street signs" today, if you want to measure the selloff here, use the 12 days of christmas approach. three nikes, four price lines, eight dells, nine coaches, ten macy's, 11 ralph laurens, 12 mattells and a partridge in pear tree and it's still a $500 billion company. it goes d

i'm not a chartist, but i play like one when i have to. the bottom line, if the question and answer on the conference calls pass-through revolve around national risk, currencies, crisis in europe or anywrels, be prepared for a hammering. and if a stock goes down big after a quarter you think should be going up later, remember it might well be the chart talking. the chart telling the tale and giving you a chance to get in cheaper than you might otherwise ever have the chance to do. now you ready for the rest of earnings season. go get 'em, and tell them cramer sent you. dean in california, dean? >> caller: jim, how are you? hello from beautiful marin county. >> man, is it gorgeous out there. how can i help? >> caller: listen, i check my stocks at the end of the day, and usually you'll see a little blurb on the news headlines that says, for instance, a particular stock has a close or buy imbalance at the end of the day, and they name the shares. what i want to know, what exactly the close and buy imbalances mean and do they have implications

i'm not a chartist but i point it out. everything has a price. and this one doesn't seem to be there yet. but i think it could be there shortly. then there's paychecks. we know this one, right? we endlessly hear about people in washington wanting to do the right thing by the small businessperson. of course what they really should do if they want to dot right thing is get the heck out of the way, right? our businesspeople know how to do business without the government getting involved. i think these guys in washington are killing confidence. i'm going to ask paychecks directly how much of this fiscal cliff thing is crimping what's been a terrible time for small business anyway. let's listen to what paychecks has to say. the actual stock is paying away for a return even as the government is prolonging the pain. thursday morning we hear from car max. we know cars are in scarce supply in the northeast, and carmax is the leading supplier of used cars. plus the used car market is poised to really pick up steam. the use the car business does well when t