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.
Entries Tagged as 'Slope'
DJIA Stronger Versus 2007 Range Than 2008 Range
May 1st, 2009 No Comments
Tags: Dow Jones Industrial Average (DJI) · Gann Angle Fan · Slope
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)
Weekend Outlook – 21Sep08
September 21st, 2008 No Comments
There is not much to discuss this weekend. The financial system was saved by the US government. Paulson let it go all the way to the edge so he would be able to scare congress into acting. It is still unclear if congress is smart enough to do the right thing, but Paulson knows what he is doing.
Tags: Dow Jones Industrial Average (DJI) · Gann Angle Fan · Market Outlook · Slope
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
Intermediate Term Position of Strength
September 3rd, 2008 No Comments
My short term view of the market is that it is very weak and most likely has topped until a retest or new low is put in – probably in October. But the longer term charts show the total market in a strong position when using the July 2007 to July 2008 range.
Tags: Gann Angle Fan · Growth Stocks (RUT) · Slope · Value Line Arithmetic Index (VLE) · Volume
SPX Without the Bubble
August 30th, 2008 No Comments
SP500 Index near long term trend line.
Tags: Slope · Square of Range
Oil and Gold Charts – Ready for a Bounce?
August 19th, 2008 No Comments
The Gold ETF (GLD) hit the 150 calendar day cycle yesterday and may be ready for a bounce. Crude could move back to the 50% retrace of the range of the move starting in 1999.
Tags: Energy-Oil-Gas (XLE) · Gold · Slope · Square of Range
INTC Gann Fan From Zero
August 8th, 2008 No Comments
Analysis of the Intel Corporation (INTC) chart using a Gann Fan and discussing an example of my guess of Gann’s Master Time Factor.
Tags: About · Gann Angle Fan · Intel Corporation (INTC) · Slope
One More Look At Long Term DOW
July 26th, 2008 No Comments
Gann Fan relationships from the 1982-2008 Dow Jones Industrial Average.
Tags: Dow Jones Industrial Average (DJI) · Gann Angle Fan · Slope
PTV-Investing and the Gann Square of 52
July 25th, 2008 No Comments
The Gann Square of 52 measures relative market movements from one year to the next. This post discusses the square of 52 and how it is used by PTV-Investing.com.
Tags: About · Slope · Value Line Arithmetic Index (VLE)
Very Long Term Dow Jones Industrials Analysis
July 20th, 2008 No Comments
Using Gannalyst and Yahoo historical data I created a couple charts of the DOW (INDU) going back to 1942. It may be interesting to go back further but Yahoo only provides data to 1928 which misses the low before the 1929 bubble.
Tags: About · Dow Jones Industrial Average (DJI) · Gann Angle Fan · Slope
QQQQ In A Strong Position
July 8th, 2008 7 Comments
The QQQQ rode the 2:1 descending Gann Angle down and bounced at the 1:1 ascending angle using the March to June range square. Price is now at the 50% retrace line and in a strong position to follow the 1:1 ascending angle up.
Tags: Gann Angle Fan · Powershares QQQ Trust (QQQQ) · Slope · Square of Range · Volume
Trading with Gann Fan Techniques
June 24th, 2008 No Comments
A Gann Fan is nothing more than a slope of a significant range and multiples of that slope. For those of you who have been following my Range Square analysis, you will notice that this is not any different.
Tags: Gann Angle Fan · How To Use Market Cycles · Price-Time Balance · Slope
Weekend Outlook – 15Jun08
June 15th, 2008 No Comments
This week I am going to walk through the dynamic SPX charts (available at The SPX Charts link on the right). The intent is to provide the thought process I go through to determine the status of the market.
Tags: Gann Angle Fan · Market Internals · Market Outlook · Price Retrace · Price-Time Balance · Roadmap · Slope · Square of 9
Weekend Outlook – 07Jun08
June 7th, 2008 17 Comments
I started out in the investing/trading world as a price and volume guy. Almost everything you need is in the price and volume.
Tags: Accumulation Day · Breakout · Cup with Handle · Distribution Day · Market Outlook · Roadmap · Slope · Volume
SPX Gann Angles Long Term
April 20th, 2008 No Comments
Here is a workup of my slope lines based on the range of the five waves from Oct05 bottom to the Oct07 top. As an educational exercise relating to what works for me, here as some the relationships I am looking at.
Tags: Elliott Wave Analysis · Gann Angle Fan · Market Cycles · Slope · Square of Range
Still No Follow Through
April 17th, 2008 No Comments
Assuming we take out the April high, I think we will move to the 1:1 down Gann line. SPX 1440 is 90 degrees above 360 degrees (1402) and also 5/8 from the low.
Tags: Gann Angle Fan · Slope · Square of 9 · Square of Range · Volume
VLE Wave Timeframes
April 14th, 2008 No Comments
Interesting that the VLE turned up at the slope of the “C” wave from the 2005 correction between major five wave formations. I drew this line a few months ago and just noticed that it retested this angle on the exact week that ended the duration of the first A-B-C in 2005.
Tags: A-B-C Correction · Elliott Wave Analysis · Market Cycles · Roadmap · Slope · Value Line Arithmetic Index (VLE)