The Powershares QQQ Trust (QQQQ) is in balance in price and time. Price moved through the 50/50 point and continues up the 1:1 ascending Gann Angle. Volume was better today but not as high as during the decline last week. Continue reading
QQQQ Price in Balance with Time
May 28th, 2008 No Comments
Tags: Gann Angle Fan · Price-Time Balance · QQQQ
Russell 2000 Walking Gann Angle Plank?
May 28th, 2008 No Comments
The Russell 2000 Index (RUT) bounced off the 50% price retrace line at the high. It has been walking down the 2:1 descending angle for a couple weeks. It may just end up back at the 50% price retrace line at 50% time — which looks to be about mid-June. Continue reading
Tags: Price-Time Balance · Russell 2000 Smallcaps · Square of Range