Price has thrust off the recent consolidation but has not exceeded the recent highs. As always, follow through will provide confirmation (and no follow through will confirm the consolidation continues).
Entries Tagged as 'A-B-C Correction'
High Volume At Lagrangian Point Between Angles
July 15th, 2009 No Comments
Tags: A-B-C Correction · Nasdaq Charts (IXIC)
Nasdaq 100 Finishing A-B-C Correction
July 7th, 2009 1 Comment
The Nasdaq 100 (NDX) swing chart shows price about 50 points above the 1×2 angle off the March low. Price is still above the 25% price retrace which may provide support.
Tags: A-B-C Correction · Nasdaq Charts (IXIC) · Swing Charts
Working Off Options Expiration
June 22nd, 2009 No Comments
The lower volume sell off today was most likely balancing the books from Friday’s option expiration buying. The market is oversold and may find support at the 50dma.
Tags: A-B-C Correction · Nasdaq Charts (IXIC)
Weekend Outlook – 25May09
May 25th, 2009 No Comments
My current guess is the market is completing and A-B-C correction of the1982-2000 bull market.
Tags: A-B-C Correction · Dow Jones Transportation Average (TRAN) · Growth Stocks (RUT) · Market Outlook
Daily, Weekly, and Monthly SP500 Index Chart
May 23rd, 2009 2 Comments
The daily SP500 index (SPX) chart is moving towards the 50 day moving average and/or the 50% price retrace level. The pattern looks like an A-B-C correction at this point. Volume has dropped off significantly during the correction.
Tags: A-B-C Correction
Apple Computer At Short Term Time Cycle
April 15th, 2009 No Comments
The price of Apple Computer (AAPL) based for the length of the duration of the 2008 decline. At the 100% time line price began the recent move up.
Weekend Outlook – 12Apr09
April 12th, 2009 1 Comment
The ValueLine Arithmetic (VLE) chart shows two distinct five wave patterns down from the July 2008 high.
Tags: A-B-C Correction · Elliott Wave Analysis · Market Outlook · Nasdaq Charts (IXIC) · Swing Charts · Value Line Arithmetic Index (VLE)
Weekend Outlook – 15Mar09
March 15th, 2009 No Comments
The SPX bounced near the 1×4 angle of the 1982-2000 range while the DJIA bounced off the 50% price retrace of that range.
Tags: A-B-C Correction · Dow Jones Industrial Average (DJI) · Elliott Wave Analysis · Market Outlook · Nasdaq Charts (IXIC)
Long Term SP500 Index A-B-C Correction?
March 10th, 2009 No Comments
The SP500 index may be finishing up a long term A-B-C correction of a longer bull market.
Tags: A-B-C Correction · Elliott Wave Analysis · Square of Range
Amazon Chart Very Strong
March 6th, 2009 No Comments
Amazon.com (AMZN) has one of the strongest charts of stocks in the US market.
Tags: A-B-C Correction · Amazon (AMZN) · Gann Angle Fan
Weekend Outlook – 08Feb09
February 8th, 2009 No Comments
Long term I see a chance for a move down to the 1×4 ascending angle on the 1982-2000 range which will put price near 650ish on the SPX.
Tags: A-B-C Correction · Elliott Wave Analysis · Russell 2000 Smallcaps · Value Line Arithmetic Index (VLE)
GOOG Climbing 1×1 Angle in Multiple Time Frames
February 6th, 2009 4 Comments
GOOG does not look to have the demand to carry price much higher.
Tags: A-B-C Correction · Elliott Wave Analysis · Gann Angle Fan · Google Incorporated (GOOG) · Volume
SP500 Index 1982-2000 Range Square
January 21st, 2009 No Comments
A long term look at the SPX with respect to the 1982-2000 range square.
Tags: A-B-C Correction · Elliott Wave Analysis · Gann Angle Fan · Gann Square
Apple Computer in A-B-C or Five Waves Down?
December 17th, 2008 2 Comments
The 2003-2007 range of Apple Computer (AAPL) shows three distinct correction waves from the top. The question is whether this setup is an A-B-C correction or if price is actually consolidating in wave four now and will collapse into wave five in the future.
Tags: A-B-C Correction · Apple Computer (AAPL) · Elliott Wave Analysis
Gold Bounces in Downtrend
December 11th, 2008 2 Comments
Gold is correcting the 2001-2008 range and is in an intermediate term downtrend. The move down from early 2008 has been a series of lower highs and lower lows. A strong counter trend up may move to around 900 before hitting strong resistance at the 1×1 descending Gann angle. The 2×1 angle just above the current price is the next resistance price must break through to go higher.
Tags: A-B-C Correction · Gold
VLE Correction Waves
December 1st, 2008 No Comments
Using my Elliott Wave count for the Value Line Arithmetic Index (VLE), (which is debated by some), I see 248 days to complete the first 5 waves. I then see around 248 days to complete an A-B-C correction and the next 5 waves down. I’ve noticed this time line on a number of occasions when counting waves. Keep in mind that the current move upward may only be part of wave 5 down.
Tags: A-B-C Correction · Elliott Wave Analysis · Value Line Arithmetic Index (VLE)
SPX at 45 Days from Cycle Turn
November 25th, 2008 3 Comments
The SPX move yesterday was 45 days after the October 10th cycle turn. While the low of the 10th was not “the” low, price did not move much lower on the test. Also, RIMM bounced off 1×8 Gann angle.
Tags: A-B-C Correction · Market Cycles · Research In Motion (RIMM) · Swing Charts
Weekend Outlook – 22Nov08
November 22nd, 2008 3 Comments
The market looks to be in the last leg of this current correction.
Tags: A-B-C Correction · Elliott Wave Analysis · Market Outlook · Value Line Arithmetic Index (VLE)
Long Term A-B-C Correction?
November 20th, 2008 2 Comments
The major bull market range of 1982-2000 is nearing the 50/50 point in price and time. Price is at a 50% retrace in one-half of the time of the bull market.
Tags: A-B-C Correction · Elliott Wave Analysis · Gann Angle Fan
Weekend Outlook – 16Nov08
November 16th, 2008 1 Comment
The market internals show a possible rally setup, while the long term Elliott wave analysis shows a potential for more significant downside. The suggested strategy is to not guess and wait for the market to show it’s hand before allocating cash.
Tags: A-B-C Correction · Elliott Wave Analysis · Market Internals · Market Outlook · Value Line Arithmetic Index (VLE)