The S&P Banking (BIX) index was in a bullish move from 1994 to 2007. Price then dropped sharply between the 8×1 and 4×1 descending angles into March. The bounce came at the extension to the original 1×1 descending angle.
Entries Tagged as 'Square of Range'
Banking Index Back to 1994 Level
May 26th, 2009 No Comments
Tags: Banks-Financials · Square of Range
Biotech Holders Within 6% of Square Out
March 24th, 2009 No Comments
The Biotech Holders (BBH) chart is very bullish and looks similar to a chart of Google (GOOG) from 2006-2007.
Tags: Biotechnology (BBH) · Google Incorporated (GOOG) · Square of Range · Square Out
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
Computer Hardware and Software Range Squares
February 10th, 2009 No Comments
The computer software and hardware index charts are slightly better than neutral.
Tags: Nasdaq Charts (IXIC) · Square of Range
IBM Remains in a Weak Position
January 23rd, 2009 3 Comments
A look at several time frames of IBM.
Tags: International Business Machines (IBM) · Square of Range
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.
Tags: Gann Angle Fan · Square of Range
Value Line Arithmetic Remains Above July Low
September 18th, 2008 2 Comments
Price of the VLE is above the July low and at the 7/8 retrace level of the 2007-2008 range. This suggests to me that the total market remains healthy and the financials are causing all of the problems.
Tags: Banks-Financials · Dow Jones Transportation Average (TRAN) · Gann Angle Fan · Square of Range · Value Line Arithmetic Index (VLE)
Apple Computer Visits the 50/50 Point
September 17th, 2008 7 Comments
Another AAPL update as it has come close enough to the 50/50 point of the 2006-2007 range for me.
Tags: Apple Computer (AAPL) · Gann Angle Fan · Market Cycles · Square of Range
SPX 1170ish is Natural Resistence
September 17th, 2008 No Comments
Price hit a 50% retrace of the 2002 to 2007 bull market yesterday.
Tags: Square of Range
RIMM Correction Complete?
September 11th, 2008 2 Comments
RIMM is in position to move higher after an A-B-C correction.
Tags: A-B-C Correction · Elliott Wave Analysis · Research In Motion (RIMM) · Square of Range
SPXEW and VLE Heading for Lower Gann Angles
September 4th, 2008 No Comments
The SP500 Equal Weight Index (SPXEW) and the Value Line Arithmetic Index (VLE) charts have broke through Gann angles and are heading for the next angle lower.
Tags: Gann Angle Fan · Square of Range · Value Line Arithmetic Index (VLE)
SPX Without the Bubble
August 30th, 2008 No Comments
SP500 Index near long term trend line.
Tags: Slope · Square of Range
NVIDIA (NVDA) With Five Waves Down
August 28th, 2008 No Comments
NVDA has made 5 waves down from the high and currently sits on the 1:1 ascending Gann angle.
Tags: A-B-C Correction · Elliott Wave Analysis · NVIDA Corporation (NVDA) · Square of Range
Nasdaq Short Term Range Square
August 27th, 2008 No Comments
While I am still biased to the downside today, if price gets to a new high by next Monday I would switch back to a weak uptrend.
Tags: Nasdaq Charts (IXIC) · Square of Range · Swing Charts · Volume
Microsoft At Resistance
August 26th, 2008 No Comments
Microsoft (MSFT) is at resistance at the 1:1 Gann angle.
Tags: Gann Angle Fan · Microsoft Corporation (MSFT) · Square of Range
Monster (MNST) as a Employment Tell
August 21st, 2008 No Comments
Monster has not shown much strength since 2007 and is a big tell for employment. Once this chart starts making higher swings then the job market will most likely be in better shape.
Tags: Square of Range
Volume Buying Picks Up in the Afternoon
August 20th, 2008 No Comments
Today was a high volume up day versus yesterday. Volume was still under the 50 day moving average but it should pick up tomorrow if we are moving up. Price hit SPX 1261 which was close enough to the 1260 retrace lines I discussed yesterday.
Tags: Powershares QQQ Trust (QQQQ) · Square of Range · Volume
SPX Downside Target 1260 to 1248
August 20th, 2008 1 Comment
The Gann angles of the range from 2007-2008 and 2002-2007 point to SPX 1260 to 1248 as support.
Tags: Gann Angle Fan · Price Retrace · Square of Range
Nasdaq 100 Bouncing Off Gann Angle in Overbought Market
August 19th, 2008 No Comments
The Nasdaq 100 had a low volume down day and is in the process of working off an overbought condition. Today was a minor distribution day.
Tags: Advance-Decline · Distribution Day · Gann Angle Fan · Market Internals · McClellan Index · Nasdaq Charts (IXIC) · Square of Range · Volume
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