I noticed a couple readers using this Google (GOOG) service and think it is awesome. Those readers from all over the world that have a difficult time following my US-English posts should try this service from Google — http://translate.google.com. Continue reading
Non-US Speaking Readers - Here is your Babel Fish
May 14th, 2008 No Comments
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Russell 2000 Price and Time in Balance
May 14th, 2008 1 Comment
The Russell 2000 (RUT) is right at the 50/50 point and in total balance on the retrace working off the long term move up. This, along with the Value Line Index (VLE) discussed last weekend gives me a much better feeling about the market long term.
Chart courtesy of Stockcharts.com Continue reading
Tags: Price Retrace · Price-Time Balance · RUT · Square Out · VLE
QQQQ Supported by 1:1 Gann Angle
May 14th, 2008 2 Comments
The Nasdaq 100 (QQQQ) has broken through the 1:1 descending Gann line and looks set to run to $50 or $51.50. The market seems weak based on the internals, but the price/time charts are looking better every day. Continue reading
Tags: Gann Angle Fan · Price-Time Balance · QQQQ