Volume was off a little today but I would not call it light. Price of the SP500 Index (SPX) finally moved above the swing high but did not close above this point. Price did finish at the highest close of the swing though. I’m still not super excited because we are nearing overbought and only marginally higher than we were 11 days ago. Continue reading
Volume Off But Price At New Swing High
August 6th, 2008 No Comments
Tags: Nasdaq Charts · Russell 2000 Smallcaps · Standard and Poor's 500 (S&P500) · Swing Charts · Volume
CSCO with A-B-C Retrace at 50% Price Level
August 6th, 2008 2 Comments
Looking at the Cisco Systems (CSCO) 2002-2007 range square, a definite time cycle pops out. The first peak in 2004 hit at the 25% of the time cycle. The 50% and 75% points of the time cycle also provided a low for at least a short time. Continue reading
Tags: A-B-C Correction · CSCO · Elliott Wave Analysis · Square of Range