The Nasdaq 100 had a low volume down day and is in the process of working off an overbought condition. Today was a minor distribution day. Continue reading
Nasdaq 100 Bouncing Off Gann Angle in Overbought Market
August 19th, 2008 No Comments
Tags: Advance-Decline · Distribution Day · Gann Angle Fan · Market Internals · McClellan Index · Nasdaq Charts · Square of Range · Volume
Oil and Gold Charts - Ready for a Bounce?
August 19th, 2008 No Comments
The Gold ETF (GLD) hit the 150 calendar day cycle yesterday and may be ready for a bounce. Crude could move back to the 50% retrace of the range of the move starting in 1999. Continue reading
Tags: Energy · Gold · Slope · Square of Range