Charting Cramer's Dow Forecast, Pt. 3

This column was originally published on RealMoney on Jan. 10 at 12:01 p.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 3 of Dan Fitzpatrick's technical review of the prospects for the stocks that make up the Dow 30. Be sure to read Part 1, Part 2, Part 4 and Part 5.

Starting just after Christmas, Jim Cramer began a series of pieces on the 30 stocks that make up the Dow Jones Industrial Average. He gave his take on each of the companies with respect to their prospects for 2007. The key difference between fundamental analysis and technical analysis is simple: Technical analysis focuses on the price and volume data of the stock, while fundamental analysis covers all the aspects of the company.

Because we trade the "stock market" and not the "company market," prices matter. In very short-term trades, I couldn't give a darn about company fundamentals -- short-term trades are governed by market dynamics. Are sellers leaning on the stock, or are aggressive buyers bidding the price higher? Has most of the buying already been done such that the stock is about to roll over? Has the stock been selling for five straight days and is it now ripe for a relief rally? These are just some of the countless dynamics that govern price movement throughout the week. ...