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
Weekend Outlook - 12Oct08
October 12th, 2008 No Comments
Tags: Market Outlook · Roadmap · SP500
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
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
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
Lower Volume Move to Middle of Weekly Bar
September 30th, 2008 1 Comment
Volume was lower today and price retraced 50% of yesterday’s move which is not bullish. The put/call and VIX is still up but I don’t think we have seen the low. Continue reading
Tags: Market Internals · SP500 · Volume
Logical Crash End Points
September 30th, 2008 No Comments
The 1987-2000 range of the SPX shows the 50% end retrace line about 20% below today’s close at 883. This will be a retest of the 2002 lows. Continue reading
Tags: Nasdaq Charts · SP500
SPX Crash Scenario
September 26th, 2008 2 Comments
As an extension of my post this morning, here is where the SP500 Index (SPX) could end up in a crash in the 25-30% range. Continue reading
Tags: Gann Angle Fan · SP500
Price Bounces off the 50 Day Moving Average
September 23rd, 2008 7 Comments
Ignoring all the extracurricular activity, price has bounced off the 50 day moving average as expected in the SPX and COMPQ. Volume is suspect, but lower on the pullback. Continue reading
Tags: Nasdaq Charts · SP500
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. Continue reading
Tags: Dow Jones Industrial Average · Gann Angle Fan · Market Outlook · Slope · SP500
Another Ho-Hum Week with Little SPX Movement
September 19th, 2008 5 Comments
The SP500 Index ended this quiet week right where it started. Not much to say… Continue reading
Tags: SP500
Definitely Buyers Today
September 18th, 2008 2 Comments
There was definitely buyers of stocks today with a big range massive volume up day. Continue reading
Tags: Financials · Nasdaq Charts · SP500 · Volume
SPX 1170ish is Natural Resistence
September 17th, 2008 No Comments
Price hit a 50% retrace of the 2002 to 2007 bull market yesterday. Continue reading
Tags: SP500 · Square of Range
Morning Market Thoughts
September 16th, 2008 5 Comments
Post contains a few charts I found interesting during last night’s analysis. Continue reading
Tags: Bonds · Market Internals · McClellan Index · Nasdaq Charts · SP500 · Square Out
SPX 180 Days From March Low
September 15th, 2008 6 Comments
I don’t have any idea which way the market will eventually go this week. But at 180 days from the March low, the time is right for an acceleration or a change in trend. The 1:1 Gann angle will serve as a measurement point that we can use to gauge the market on Friday. Continue reading
Tags: Gann Angle Fan · Gann Emblem · Market Cycles · SP500