Another down day above the October 10th and October 27th lows for the SPX. Volume rose again today but it remains below the volume of the previous upthrust.
Reading the Market is Not Predicting the Market
November 12th, 2008 1 Comment
Tags: How To · INTC · Standard and Poor's 500 (SP500) · Volume
Value Line Arithmetic Gann Fans and Angles
November 12th, 2008 6 Comments
The Value Line Arithmetic (VLE) range of 2002-2007 shows some interesting angles within the Gann fan. Price does not look stable at this point and I would not be surprised to see it move to the 1×8 angle which is about 18% below yesterday’s close.
Tags: Gann Angle Fan · Slope · Value Line Arithmetic Index (VLE)