Price Time Volume Investing

Timing Stock Market Cycles Stocks using Methods of WD Gann, Elliott Wave, Geometry, Gann Square 9-90-52-144, Angle Trend Lines

Price Time Volume Investing WD Gann Elliott Wave Charts of SP500 Angles

Market Remains Trendless

November 11th, 2008 at 7:20 pm by AndyAskey

The SPX has had 6 days up and 5 days down. There is no trend in either direction. But price remains above the October 10th low and the low on the 28th which started the six day move up. Volume was up slightly today, but well below average.

SP00 Chart

The cumulative advance-decline line made a low on October 27th and remains above this level.

NYSE Cumulative Advance-Decline LinNasdaq Cumulative Advance-Decline Line
Charts courtesy of Stockcharts.com

The market remains in a wait and watch mode for me. Head and shoulders lows are possible but we won’t know until the market breaks one direction or the other.

Post Modified: November 11th, 2008 at 11:31 pm

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