The cycle on my roadmap hit this week and I assume a low will be made within a few days next week. It is possible the low is in now, but a gap down on Monday will not worry me if price recovers quickly. A continuation of last week’s price action would invalidate my call on this cycle turn. Continue reading
Entries Tagged as 'General Market'
Weekend Outlook - 12Oct08
October 12th, 2008 No Comments
Tags: Market Outlook · Roadmap · SP500
Oversold Based on Market Internals
October 11th, 2008 No Comments
The 10 day moving average of advance-decline lines are as oversold as I have seen them. Continue reading
Tags: Advance-Decline · Market Internals · McClellan Index
Cycle Turns
October 10th, 2008 4 Comments
Just a quick note on cycle turns. Usually, price changes directions during a cycle turn. Occasionally, price will accelerate to the downside. It appears to me that the government has the opportunity to restore the system. But this is the same President, Congress, SEC, Fed, and Treasury who have made idiotic move after idiotic move in the past year. Please don’t get long just because it appears to be a cycle turn. Continue reading
Tags: Dow Jones Industrial Average · Gann Angle Fan · Market Cycles
Market Internals at Rally Position
October 10th, 2008 2 Comments
This market will turn when it wants to turn - or when it is time to turn. But the VIX and Put/Call ratios are in position that rallies have happened from in the past. Continue reading
Tags: Market Internals
How Long Did Panic of 1907 Last?
October 10th, 2008 No Comments
The bank panic of 1907 is very similar to the current bank crisis. The drop started around Jan-07 and ended at the beginning of Nov-07 which is about 10 months. Tough to tell were we are in the current drop in relations to this chart though. Continue reading
Tags: Dow Jones Industrial Average
Long Term SPX
October 9th, 2008 4 Comments
The SP500 Index (SPX) is nearing the 50% price retrace level and 50% of the time cycle from 1982-2000. The 1×4 Gann angle or the 50% price retrace could provide support. Continue reading
Tags: Gann Angle Fan · SP500
More On Deflation
October 9th, 2008 16 Comments
I’ve been reading the debates between the deflation camp and the inflation camp for several years now. They all have a great argument. I tend to ignore the argument and look at the charts. Obvious deflationary pressures since the mid-1980s are difficult to ignore. Continue reading
Tags: Bonds · Inflation-Deflation
Prices Showing Serious Deflation
October 9th, 2008 4 Comments
Prices are dropping rapidly showing no hints of future inflation. Continue reading
Tags: Bonds · Energy · Inflation-Deflation
DOW in the Long Term
October 8th, 2008 No Comments
This post is an update of the long term chart of the Dow Jones Industrial Average I posted in July. Continue reading
Tags: Dow Jones Industrial Average · Gann Angle Fan
Gann Fans of the Bear Market Versus Today
October 7th, 2008 4 Comments
Reader Kurt asked about a comparison of the 2000-2002 bear market to the current market environment. I looked at this a few different ways and decided the best way to do it is to compare the 2000 bear market at 12 months to the current drop after one year. Continue reading
Tags: Dow Jones Industrial Average · Nasdaq Charts · SP500
Long Term SPX and VLE
October 7th, 2008 4 Comments
Long term charts of the VLE and SPX show possible support to market. Continue reading
Tags: Gann Angle Fan · SP500 · VLE
SPX Hit 1×4 Gann Angle of 2002-2007 Range
October 6th, 2008 2 Comments
Price of the SP500 Index (SPX) touched the 1×4 Gann angle today and bounced. I am watching a retest of this level closely for a possible low. If price breaks through this angle then the 900ish level is one to watch. Continue reading
Tags: Gann Angle Fan · SP500 · Square of Range
Weekend Outlook - 04Oct08
October 4th, 2008 6 Comments
October 11th shows up in many cycles and can be watched for a turn. Continue reading
Tags: A-B-C Correction · Elliott Wave Analysis · Roadmap · SP500
Value Line Arithmetic (VLE) at Critical Point
October 3rd, 2008 1 Comment
The VLE slightly undercut the high of the first 5 wave set off the 2002 low. Continue reading
Tags: A-B-C Correction · VLE
SP500 Index Roadmap
October 3rd, 2008 3 Comments
A dynamic chart (updated weekly) of the waves and cycles in the SP500 (SPX) that I’ve been watching for a number of years. Continue reading
Tags: Elliott Wave Analysis · Market Cycles · Roadmap · SP500
Energy At Natural Support
October 3rd, 2008 No Comments
The Energy ETF (XLE) is following the 8×1 Gann angle down but has hit the 1×2 ascending angle. This often provides support for a few weeks. A move back to the 1×1 descending is not out of the question. Continue reading
Tags: Energy
Charts Finally Show Upcoming Recession
October 2nd, 2008 6 Comments
The Dow Jones Transportation Average (TRAN) drops over 8% today and 12% for the week. This is the first signal of the recession that the economist have promised us. Continue reading
Tags: Growth Stocks · Market Cycles · RUT · Transports · VLE