Price has worked off the overbought condition while price has held onto almost all of the gains off the March double bottom low.
Entries Tagged as 'Double Bottom'
Weekend Outlook – 21Jun09
June 21st, 2009 No Comments
Tags: Double Bottom · Market Outlook · Nasdaq Charts (IXIC)
Two Stocks in Strong Position – Update
September 29th, 2008 No Comments
I posted the charts of two strong looking stocks at the end of July. I noticed that both remain is a strong position. One stock is a home builder and the other is a technology stock.
Tags: Breakout · Double Bottom · Growth Stocks (RUT) · Microsemi Corporation (MSCC) · NVR
Russell 2000 In Strong Long Term Position
September 12th, 2008 No Comments
The smaller growth companies cannot function in a recession or a weak credit environment. They do not have the resources to sustain a downturn with large damage. Unless this chart move below the August low I am long term bullish.
Tags: Double Bottom · Gann Angle Fan · Growth Stocks (RUT) · Russell 2000 Smallcaps · Slope
Double Bottom Accumulation Day on SPX
September 11th, 2008 No Comments
The SPX and COMPQ had accumulation days after a big gap down today. Both remain below the 50 day moving average and I am not ready to call a bottom without real buying next week.
Tags: Accumulation Day · Double Bottom · Nasdaq Charts (IXIC)
QQQQ End of Day Range Square
May 19th, 2008 4 Comments
I’ve been watching the Powershares QQQ Trust (QQQQ) using only end-of-day prices and it looks in good shape from a price/time view. The price/volume view is not so good as there has been much less volume on the way up from March than there was coming down from October 2007. This fits in with my retest/new low scenario into the upcoming October.
Tags: Double Bottom · Powershares QQQ Trust (QQQQ) · Price Retrace · Square of Range
Market Leaders Ready for Cycle Turn?
May 12th, 2008 No Comments
The setups of these three market leaders support my guess of another leg down into October followed by another bull market. Keep in mind that these “guesses” are based on price-time-volume characteristics that I have seen many times.
Tags: Apple Computer (AAPL) · Breakout · Double Bottom · Gann Angle Fan · Google Incorporated (GOOG) · Research In Motion (RIMM) · Square of Range · Square Out · Volume
AAPL as a Cycle Example
May 6th, 2008 2 Comments
A question was asked about AAPL and my analysis about a month ago on another forum. At the time I suggested that a time to consider shorting AAPL would be as price moved to the 1:1 descending diagonal.
Tags: A-B-C Correction · Apple Computer (AAPL) · Double Bottom · Price Retrace · Square of Range · Square Out