In recent years the New York Stock Exchange Composite Index made a significant higher high above the 2000 bear market top. Price has been correcting quickly on the monthly chart and is below the 4:1 descending Gann angle. To reach the 1:2 ascending Gann angle (where the bear market ended in 2003) price has a long way to fall. Continue reading
NYSE Perspective from Three Time Frames
August 12th, 2008 No Comments
Tags: NYSE · Square of Range
Low Volume Consolidation Day
August 12th, 2008 No Comments
The NDX pulled back to the 1:1 ascending Gann angle which is expected. It is possible that the options houses will move price where ever is the most profitable in the next few days. I see short interest is down for the first month in many. Continue reading
Tags: Gann Angle Fan · Nasdaq Charts · Square of Range · Volume
Top 100 Stocks Near 50 Day Moving Average
August 12th, 2008 2 Comments
The Top 100 Growth Stock list is a mechanically generated set of stocks that meet strict fundamental guidelines and have strong relative price strength. I’ve added a sub-list of stocks on the right sidebar which contains stocks from the Top 100 list which are near the 50 day moving average. This filters out those stocks that have already run too far to consider. Continue reading
Tags: About · Growth Stocks