T chart is not yet a screaming buy but the price is almost down to the 50 DMA of $34.09. The slow stochastic indicates there may be lower prices ahead but the fast stochastic is already about as low as it can go. Neither of them indicates buy but the RSI has turned up. This might be a good time to buy the March 34 call options for $1 a share because, when they stop quoting the miserable 2011 numbers and post the 2012 results, T is going to take off and those options will at least double.
OK, so I goofed again. The March 34 calls are down to 90 cents and it looks like T is going lower. I originally thought in December that T would not take off until February because that is what happened last year. Now I am going back to that. The pattern this year looks very similar to January last year. I am not buying any more calls until T starts moving up as will be indicated by the Stochastic.