Post contains a few charts I found interesting during last night’s analysis. Continue reading
Morning Market Thoughts
September 16th, 2008 5 Comments
Tags: Bonds · Market Internals · McClellan Index · Nasdaq Charts · SP500 · Square Out
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
Weekend Outlook - 26Jul08
July 27th, 2008 2 Comments
Weekly recap of the stock markets with end of week summary analysis. Continue reading
Tags: Biotech · CHK · Dow Jones Industrial Average · Gann Angle Fan · Market Outlook · Nasdaq Charts · NYSE · OEX · RUT · Square Out · Transports · Volume
SPX Square Out But Only NDX Is in Good Position
July 22nd, 2008 No Comments
The more I look at the SP500 Index (SPX) the more I am worried. This index is not bullish in any time frame. The Nasdaq 100 (NDX) is in much better shape. If it holds up after the market makes AAPL sauce tomorrow I will be surprised. Continue reading
Tags: Nasdaq Charts · SP500 · Square Out
PTV-Investing and the Gann Square of 90
June 4th, 2008 4 Comments
My interpretation of the Gann Square of 90 is that it is a very simple method to measure the strength of an entity over the course of a significant time cycle - 90 days. The more I look at Gann squares, the more I believe that Gann was not directly concerned with price. The squares are meant to measure time. Continue reading
Tags: Gann Angle Fan · Price-Time Balance · Square of Range · Square Out
QQQQ Looks Good in Long Term Elliott Wave Analysis
May 22nd, 2008 2 Comments
The Powershares QQQ Trust (QQQQ) squared out in the short term yesterday and looks strong in the long term. Price continues above the 4:1 Gann Angle of the Mar05-Oct07 range. Price recently bounced off the 1:1 descending angle (as expected) and could move all the way to the 1:1 ascending line without losing it’s bullish attitude. Continue reading
Tags: A-B-C Correction · Elliott Wave Analysis · Gann Angle Fan · QQQQ · Square Out
Transports Make New High as SPX Hits Resistance
May 19th, 2008 No Comments
The SP500 Index (SPX) bounced off the 1440 level which is 360+90 degrees from the March low and at the 1:1 descending Gann Angle as discussed in this weekend’s Outlook. Continue reading
Tags: A-B-C Correction · Dow Jones Industrial Average · Elliott Wave Analysis · SP500 · Square Out · Transports
DOW SquareOut Right on Time
May 18th, 2008 No Comments
The Dow Jones Industrial Average (INDU) recently squared out with a 50% price retrace at 100% time. Normally, this is weakly bullish. Continue reading
Tags: Dow Jones Industrial Average · SP500 · Square Out
Russell 2000 Price and Time in Balance
May 14th, 2008 1 Comment
The Russell 2000 (RUT) is right at the 50/50 point and in total balance on the retrace working off the long term move up. This, along with the Value Line Index (VLE) discussed last weekend gives me a much better feeling about the market long term.
Chart courtesy of Stockcharts.com Continue reading
Tags: Price Retrace · Price-Time Balance · RUT · Square Out · VLE
Market Leaders Ready for Cycle Turn?
May 12th, 2008 No Comments
The setups of these three market leaders support my guess of another leg down into October followed by another bull market. Keep in mind that these “guesses” are based on price-time-volume characteristics that I have seen many times. Continue reading
Tags: AAPL · Breakout · Double Bottom · Gann Angle Fan · GOOG · RIMM · Square of Range · Square Out · Volume
AAPL as a Cycle Example
May 6th, 2008 2 Comments
A question was asked about AAPL and my analysis about a month ago on another forum. At the time I suggested that a time to consider shorting AAPL would be as price moved to the 1:1 descending diagonal. Continue reading
Tags: A-B-C Correction · AAPL · Double Bottom · Price Retrace · Square of Range · Square Out