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
SPX Hit 1×4 Gann Angle of 2002-2007 Range
October 6th, 2008 2 Comments
Tags: Gann Angle Fan · SP500 · 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. Continue reading
Tags: Financials · Gann Angle Fan · Square of Range · Transports · 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. Continue reading
Tags: 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. Continue reading
Tags: SP500 · Square of Range
RIMM Correction Complete?
September 11th, 2008 2 Comments
RIMM is in position to move higher after an A-B-C correction. Continue reading
Tags: A-B-C Correction · Elliott Wave Analysis · 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. Continue reading
Tags: Gann Angle Fan · SP500 · Square of Range · VLE
SPX Without the Bubble
August 30th, 2008 No Comments
SP500 Index near long term trend line. Continue reading
Tags: Slope · SP500 · 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. Continue reading
Tags: A-B-C Correction · Elliott Wave Analysis · 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. Continue reading
Tags: Nasdaq Charts · 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. Continue reading
Tags: Gann Angle Fan · 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. Continue reading
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. Continue reading
Tags: 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. Continue reading
Tags: Gann Angle Fan · Price Retrace · SP500 · 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. Continue reading
Tags: Advance-Decline · Distribution Day · Gann Angle Fan · Market Internals · McClellan Index · Nasdaq Charts · 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. Continue reading
Tags: Energy · Gold · Slope · Square of Range
Weekout Outlook Continued - 17Aug08
August 17th, 2008 No Comments
Today I want to look at the various time frames of the VLE. First the long term range from 1990 to 2002. Notice how price never went parabolic as the Nasdaq did in 1998-2000. Therefore it did not really correct until the summer of 2002 when it had a nice shakeout down to the Continue reading
Tags: Gann Angle Fan · Market Cycles · Price Retrace · Square of Range · VLE
End of Oct07 to Mar08 Time Cycle Approaching
August 15th, 2008 No Comments
The range from October 2007 to March 2008 was significant. The high was the high of the long term bull market and the low was the financial crisis Bear Stearns blow up. This time cycle ends next Friday. The question is what happens next? Let look to see… Continue reading
Tags: SP500 · Square of Range · Square Out