SP500 Index near long term trend line. Continue reading
Entries from August 2008
SPX Without the Bubble
August 30th, 2008 No Comments
Tags: Slope · Square of Range · Standard and Poor's 500 (S&P500)
Back to School Mountains Trip
August 29th, 2008 No Comments
A recap of week’s posts. Continue reading
Tags: About
SPX Resistance Near 1400
August 29th, 2008 No Comments
The Gann 1:1 angle of the 2002-2007 range is around SPX 1400. Continue reading
Tags: Gann Angle Fan · Standard and Poor's 500 (S&P500)
QQQQ Shows Another View of NDX
August 29th, 2008 No Comments
The chart of the Powershares QQQ Trust (QQQQ) shows the price is trapped below the 1×1 Gann angle near $48. Continue reading
Tags: Gann Angle Fan · QQQQ
NDX Remains Below 1×1 Gann Angle
August 28th, 2008 2 Comments
The Nasdaq 100 cannot break through the significant 1:1 Gann angle as it provides resistance. If this happens then price should move higher quickly. Continue reading
Tags: Accumulation Day · Gann Angle Fan · Nasdaq Charts · Standard and Poor's 500 (S&P500) · Volume
NVIDIA (NVDA) With Five Waves Down
August 28th, 2008 No Comments
NVDA has made 5 waves down from the high and currently sits on the 1:1 ascending Gann angle. Continue reading
Tags: A-B-C Correction · Elliott Wave Analysis · NVDA · Square of Range
Nasdaq Short Term Range Square
August 27th, 2008 No Comments
While I am still biased to the downside today, if price gets to a new high by next Monday I would switch back to a weak uptrend. Continue reading
Tags: Nasdaq Charts · Square of Range · Swing Charts · Volume
Wilshire 5000 Range Square
August 27th, 2008 No Comments
The Wilshire 5000 Total Market Index is well above the 50% retrace. I would not be surprised to see a third push downward to the 50% price level at the 25% time cycle which will happen around October. Continue reading
Tags: Gann Angle Fan
Possible A-B-C Correction Complete
August 26th, 2008 2 Comments
One bullish possibility is that an A-B-C Elliott Wave correction has completed after five waves up from the July low. At this point there is a setup for possible upside. Until a move up starts, my guesses are for weakness. Continue reading
Tags: A-B-C Correction · Accumulation Day · Distribution Day · Elliott Wave Analysis · Growth Stocks · Nasdaq Charts
Microsoft At Resistance
August 26th, 2008 No Comments
Microsoft (MSFT) is at resistance at the 1:1 Gann angle. Continue reading
Tags: Gann Angle Fan · MSFT · Square of Range
Another Low Volume Nothing Day
August 25th, 2008 No Comments
After another low volume down day, my assessment is the upside needs to prove it to me. Continue reading
Tags: Distribution Day · Nasdaq Charts · Standard and Poor's 500 (S&P500) · Swing Charts · Volume
Global Networking Amazes Me
August 25th, 2008 1 Comment
I’ve been amazed at the speed and efficiency provided by the internet since I started playing around back in 1992. The ability to sell a product or just get an idea all over the world was not even considered when I was in college during the early 1980s. Continue reading
Tags: About
Weekend Outlook - 24Aug08
August 24th, 2008 4 Comments
Weekly outlooks shows the market not only is ready to move up now - it must it the rally is to continue. Continue reading
Tags: Market Internals · Market Outlook · Nasdaq Charts · Price Retrace · Standard and Poor's 500 (S&P500) · Swing Charts · Volume
Most Read Posts at PTV-Investing.com
August 23rd, 2008 4 Comments
Most popular posts at PTV-Investing.com. Continue reading
Tags: About
Now That’s Some Weak Volume
August 22nd, 2008 No Comments
The daily Nasdaq Composite (COMPQ) chart shows some good price action but very weak volume. Everyone really is on vacation. Continue reading
Tags: Nasdaq Charts · Volume
Cumulative Nasdaq Breadth
August 22nd, 2008 No Comments
These charts show the cumulative advance-decline and the up-down volume. The comparison show a divergence between price action and volume action. While price has been slightly positive, the enthusiasm of the buying has been much more bullish. Continue reading
Tags: Advance-Decline · Market Internals · Nasdaq Charts · Volume
Oversold In The Short Term on the Nasdaq
August 22nd, 2008 No Comments
The Nasdaq advances minus declines line have moved to oversold in the short term. Continue reading
Tags: Advance-Decline · Market Internals · Volume
Value Line Arithmetic at 1×1 Gann Angle
August 21st, 2008 1 Comment
The VLE is at decision time at the 1:1 Gann angle. The time cycle is hitting 25% of the 2002-2007 range. The SPX time cycle of the range from October to March is about to complete. Continue reading
Tags: Gann Angle Fan · Standard and Poor's 500 (S&P500) · Value Line Arithmetic Index (VLE)
Monster (MNST) as a Employment Tell
August 21st, 2008 No Comments
Monster has not shown much strength since 2007 and is a big tell for employment. Once this chart starts making higher swings then the job market will most likely be in better shape. Continue reading
Tags: Square of Range
Volume Buying Picks Up in the Afternoon
August 20th, 2008 No Comments
Today was a high volume up day versus yesterday. Volume was still under the 50 day moving average but it should pick up tomorrow if we are moving up. Price hit SPX 1261 which was close enough to the 1260 retrace lines I discussed yesterday. Continue reading
Tags: QQQQ · Square of Range · Volume