The Nasdaq 100 (NDX) has broken above resistance and doesn’t appear to have much to stop it until near 2040. Continue reading
NDX Breakout from Resistance
May 13th, 2008 No Comments
Tags: Breakout · Nasdaq Charts · Square of Range
US Oil Market Cycles
May 13th, 2008 1 Comment
The oil market, US Oil Fund (USO) has made five waves up from the 1998. I am not calling a top. I made these charts over the weekend just as a gauge to assess where price is in the cycle. Assuming the oil market does top in a few weeks, these charts will still be valid. Continue reading
Tags: A-B-C Correction · Elliott Wave Analysis · Energy · Market Cycles