The Dow Jones Transportation Average Index (TRAN) shows price slightly above the 50% price retrace line of the 2003-2007 bull market. Price bounced off the 1×2 descending Gann angle and never reached the 1×1 ascending angle (blue). This is somewhat bullish. Continue reading
Transports and Emerging Markets
November 4th, 2008 1 Comment
Tags: A-B-C Correction · Transports
Charts Finally Show Upcoming Recession
October 2nd, 2008 6 Comments
The Dow Jones Transportation Average (TRAN) drops over 8% today and 12% for the week. This is the first signal of the recession that the economist have promised us. Continue reading
Tags: Growth Stocks · Market Cycles · Russell 2000 Smallcaps · Transports · Value Line Arithmetic Index (VLE)
Market Waiting for Judgement Day
October 1st, 2008 No Comments
So far the markets are holding up. But all it will take to start the cascade is the failure of a couple banks. Continue reading
Tags: Financials · Russell 2000 Smallcaps · Transports
Same Bat-Time… Same Bat-Channel
September 26th, 2008 2 Comments
I got home last night and looked through the charts. There really isn’t anything to discuss that hasn’t been covered. We are waiting for congress to decide what to do. Continue reading
Tags: Russell 2000 Smallcaps · Transports · Value Line Arithmetic Index (VLE)
Transports Signal No Recession… At This Time
September 25th, 2008 2 Comments
The Dow Transportation Average (TRAN) shows no signs of a global recession with price well above the 1:1 descending Gann angle (diagonal). Continue reading
Tags: Gann Angle Fan · Transports
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 · Value Line Arithmetic Index (VLE)
Transports Hold Up Well
September 12th, 2008 2 Comments
The Dow Transportation Average has held up well in the face of the recession/depression I’ve be reading about. Continue reading
Tags: Standard and Poor's 500 (S&P500) · Transports · Volume
Gann Zero Angles and the Airlines
August 2nd, 2008 No Comments
The post discusses Gann 0 angles and provides and example. Zero angles are created by using points per units of time. The angle originates at a significant high or low on the chart. In this case I used the 1998 high of the airline index. Continue reading
Tags: About · Gann Angle Fan · Transports
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 · Russell 2000 Smallcaps · Square Out · Transports · Volume
Biotech and Transports Continue to Work
July 25th, 2008 No Comments
The Biotech Holders (BBH) continues to show strength. Because the BBH took off around the 50% time cycle and the time frame is very long it may not retest this level for several years. Continue reading
Tags: Biotech · Square of Range · Transports
The Dow Jones Tranporation Average is in a Strong Position
July 9th, 2008 No Comments
The TRAN re-tested the 1:1 descending Gann Angle and looks to be in good shape long term. Follow through is the key, as always. Continue reading
Tags: Square of Range · Transports
Transports Acting Well
July 3rd, 2008 2 Comments
The Dow Jones Transportation Average (TRAN) is bouncing off the 1:1 descending and is currently in a bullish posture above the line. Continue reading
Tags: Elliott Wave Analysis · Gann Angle Fan · Square of Range · Transports
Transports Remain at High
June 4th, 2008 No Comments
The DOW Transportation Average (TRAN) remains near the high and has not been affected by recent price declines of other indices. Continue reading
Tags: Transports
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 · Square Out · Standard and Poor's 500 (S&P500) · Transports