Charting Cramer's Dow Forecast

This column was originally published on RealMoney on Jan. 8 at 11:30 a.m. EST. It's being republished as a bonus for TheStreet.com readers. For more information about subscribing to RealMoney, please click here.

Editor's Note: This is Part 1 of Dan Fitzpatrick's technical review of the prospects for the stocks that make up the Dow 30. Be sure to read Part 2, Part 3, Part 4 and Part 5.

Jim Cramer recently shared his 2007 forecast on the 30 stocks that make up the Dow Jones Industrial Average. In basic terms, Jim focuses primarily on the company and not the stock. If you like the way a company does business, and you also like that business, you might buy the stock. Of course, he takes a lot of other things into account -- but he never buys a stock because "the chart looks good."

I believe there is a place in any approach for sound chart analysis. No matter how focused you are on fundamentals, if some effective chart analysis helps you buy a stock even 1% lower and sell 1% higher, those little numbers add up. Performance can be further enhanced by adding the time element into the equation. ...