The recent top of the monthly chart is at the mid-range of the 2002-2007 bull market. I noted before that it was odd that the market topped without hitting any significant angles.
Entries Tagged as 'Gann Angle Fan'
Charts Around the World
September 29th, 2009 2 Comments
The US markets had a low volume up day yesterday. Since that was not very exciting I decided to check out the markets around the world. The charts speak for themselves.
Tags: Gann Angle Fan
Strongest Industries Over Past Three Years
August 27th, 2009 No Comments
The industries have been the strongest over the past several years and should probably be avoided as shorts at the point when the market becomes weak.
Tags: Gann Angle Fan
Technology Indices Near Resistance from 1×1 Angle
August 11th, 2009 2 Comments
The charts for technology related indices are in a high risk position. The bounce which started last fall was a reflex reaction to a market crash. Whether the fundamentals support the move or not is immaterial.
Tags: Gann Angle Fan · Nasdaq Charts (IXIC)
Gann Fan Forward Projection
August 3rd, 2009 No Comments
Another way to use a Gann Fan is to pick an assumed mid-point of the current run and project into the future to guess an end point of the move. Here I used the 90 day point as the mid-point in price and time.
Tags: Gann Angle Fan · Nasdaq Charts (IXIC)
Buyers Back In At Gann Angles
July 8th, 2009 2 Comments
Volume was up today as price closed about flat. As the correction approaches 30 days and the 1×2 angles off the March low, buyers appeared and bought what they were selling. I still need to see a continuation of the buying to get excited about the long side.
Tags: Gann Angle Fan · Swing Charts
Internet Info Providers and Trucking Are Bullish
June 10th, 2009 2 Comments
The charts of the trucking and internet information providers indices are in long term strong positions.
Tags: Gann Angle Fan
Nasdaq Composite Monthly, Weekly, Daily Charts
June 5th, 2009 No Comments
Three time frames on the Nasdaq Composite (COMPQ) show price strong on the weekly chart but at potential resistance on the daily chart.
Tags: Gann Angle Fan · Nasdaq Charts (IXIC)
Nasdaq Composite Moves Back To Equilibrium
June 1st, 2009 2 Comments
Today’s breakout moved price back to the 1×1 angle as expected. Volume rose with the breakout.
Tags: Breakout · Gann Angle Fan · Nasdaq Charts (IXIC)
US Dollar at 1×2 Angle of Short Term Range
May 13th, 2009 No Comments
The US Dollar (USD) appears to have support near $80 on multiple charts.
Tags: Gann Angle Fan · US Dollar (USD)
DJIA Stronger Versus 2007 Range Than 2008 Range
May 1st, 2009 No Comments
The Dow Jones Industrial Average dropped at around a 20 point per trading day slope. The recent bounce off the March low has moved up approximately 40 points per trading day (2×1 angle). This is nearly the same slope as the initial thrust down in 2007.
Tags: Dow Jones Industrial Average (DJI) · Gann Angle Fan · Slope
SPX Weakening at 45 Days from March Low
April 23rd, 2009 3 Comments
The move up from the low in November lasted 45 calendar days and was approximately 90 days from the October 10th cycle turn. The drop on Monday began 45 calendar days from the March low.
Tags: Gann Angle Fan · Gann Emblem · Market Cycles
Auto Parts Stores and Restaurants Doing Well
April 20th, 2009 No Comments
The Auto Parts Store Index is near a new long term high. The index is made up of companies such as Advanced Auto Parts (AAP), Auto Zone (AZO), and O’Reilly Automotive (ORLY). The Restaurant Index bounced off the 1×2 angle.
Tags: Gann Angle Fan · Retail Stocks
Time Frames On The Nasdaq
April 10th, 2009 No Comments
The Nasdaq Composite (COMPQ) has bounced strongly off the March low with respect to the January high. Price moved above the 2×1 angle until around March 27th when it was influenced by the 1×1 descending diagonal (red line).
Tags: Gann Angle Fan · Market Cycles · Nasdaq Charts (IXIC)
The ValueLine Arithmetic Index At Resistance
April 7th, 2009 5 Comments
The ValueLine Arithmetic Index (VLE) is at resistance while the price of Gold has broken down below the 1×1 diagonal.
Tags: Gann Angle Fan · Gold · Swing Charts · Value Line Arithmetic Index (VLE)
Brazil and Russia Above 2002 Lows
April 2nd, 2009 2 Comments
Both the Brazil iShares ETF and Russia fund is above the 2002 low. Regardless of the markets in the US, there should be plenty of places to make money in the next few years.
Tags: Gann Angle Fan
IBM Long Term Charts in Strong Position
March 25th, 2009 2 Comments
The long term charts of IBM shows strength and price is above the 50% retrace.
Tags: Gann Angle Fan · International Business Machines (IBM)
Jim Rogers Tells Me To Go Back To The Farm
March 7th, 2009 No Comments
The agriculture chemicals index is coming off a 76 month bull market run. It is difficult for me to be enthusiastic on this group for anything more than a significant bounce.
SP500 Weak In All Time Frames
March 6th, 2009 No Comments
A look at the SPX time frames and the DJIA against Jim Cramer’s analysis of individual companies.
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