May 27, 2004

$50 Oil? -- Gary Grosschadl

Although it sounds outlandish, $50 oil looks like a possibility on this chart....(more)

Transition Therapeutics Inc. -- Koos van der Merwe

A variety of technical indicators that I use are giving buy signals for this stock, but common sense may tell you otherwise....(more)

A Trading Range For TransGlobe Energy -- Kevin Hopson

TransGlobe Energy's failed triangle breakout last month has created additional buying opportunities for the stock....(more)

May 25, 2004

Elan Corp. Can't Break 200-Week Moving Average -- Steven Coffey

After a nice ride up, ELN seems to be running into resistance at the 200-week moving average. It will have to cross above this level in order to be bullish again, but does it have the strength?...(more)

May 24, 2004

Analyzing Aberdeen Asia Pacific Prime Income Fund Inc. -- Koos van der Merwe

The policy of this Fund is to provide investors with a stable monthly distribution out of current income, supplemented by realized capital gains and, to the extent necessary, paid-in capital. The Boar...(more)

Midcap iShare MDY Consolidates After Support Break -- Arthur Hill

The S&P 400 Midcap iShare (MDY) recently confirmed a double top and has now formed a volatile consolidation just below broken support....(more)

FuelCell Energy Pulling Back To Support -- Kevin Hopson

FuelCell Energy broke out of a bullish triangle formation last month and is now pulling back to long-term support levels....(more)

Reverse Head And Shoulders For AT&T? -- Steven Coffey

Right now, AT&T seems to be bottoming out in what would be the right shoulder of a reverse head and shoulders formation. Because the price isn't very much above the low part of the shoulder, right no...(more)

Is The Lehman Treasury Fund Finding A Bottom? -- Kevin Hopson

The Lehman Treasury Fund has bounced off key support levels but are prices ready to rally?...(more)

Is Newmont Mining Leading The Gold Price? -- Koos van der Merwe

Newmont Mining is regarded as one of the premium mining stocks. It is beginning to show some very interesting chart patterns. Is this a prelude to a rise in gold prices?...(more)

Head And Shoulders In Hewlett Packard Forecasts Lower Prices -- Luis Ferro

Hewlett Packard (HPQ) completed a head and shoulders pattern that forecasts lower prices for this hardware manufacturer. Prices had not fallen much before hitting an old support level. But other facto...(more)

Dow Forms Potential ABC Correction -- Arthur Hill

Technically, the medium-term trend is down for the Dow, but a potential ABC pattern could make this a big correction within a larger uptrend....(more)

May 21, 2004

The May Count -- David Penn

With a minute ii wave peak in late April, look for the current decline in the S&P 500 to bottom near 1045....(more)

Euro Index Enters Reversal Zone -- Arthur Hill

Despite a decline over the last few months, the Euro Index ($XEU) remains in a long-term uptrend and is trading in a potential reversal zone....(more)

May 20, 2004

Citigroup Breaks Down From A Broadening Top -- Ashwani Gujral

Financial stocks are generally the first casualty of rising interest rates. Citigroup's (C) chart has broken down from a broadening top and is likely to see lower levels in the days to come....(more)

British Pound Futures Break Down -- Ashwani Gujral

Most currencies are getting weaker as the U.S. dollar strengthens. British Pound futures broke down from a bearish head and shoulders top and the downtrend is likely to gather steam....(more)

Pharmaceutical Resources Bottoming Out -- Steven Coffey

After completing a 6-month retracement in a long-term uptrend, Pharmaceutical Resources (PRX) now appears ready to resume its upward movement....(more)

NYMEX Natural Gas -- Jason Braswell

Gas bottomed out at $5.06 a few months back and is currently trading in the mid $6 range. It looks like gas may have topped out, but where will it go?...(more)

May 19, 2004

Canadian Telecomunications Giant Looks Topped Out -- Gary Grosschadl

TELUS Corp., the largest telecommunications company in Western Canada and the second largest in the country is looking very top heavy....(more)

German DAX Index Forms Double Top Near Key Retracement -- Arthur Hill

After almost doubling since Mar-03, the German DAX Index ran into a wall of resistance and formed a potential bearish reversal pattern....(more)

May 18, 2004

India Fund Breaks Down - Is It Because Of Election Results? -- Ashwani Gujral

Most people think that the Indian market went through a crash because the government expected to come to power lost their elections, but technical charts show a different picture....(more)

May 17, 2004

Aberdene Mines Ltd. Poised For A Topple -- Steven Coffey

Back in early December 2003, Aberdene Mines Ltd. (ABRM) was selling for less than $.50 per share. In just six months, this stock has rocketed to close on Thursday at $4.24. Now it seems to be toppin...(more)

Siebel Systems' Bearish Slide -- Gary Grosschadl

In less than five months, this former high tech favourite has fallen from a $16 to $10. Where is it headed now?...(more)

Three Red Flags For The Nasdaq Index -- Gary Grosschadl

Three strikes and you're out. Could this be the fate for the Nasdaq?...(more)

Natural Gas Approaching Key Resistance -- Kevin Hopson

A successful breach of resistance could spur a significant rally in natural gas prices....(more)

Euro Index Enters Reversal Zone -- Arthur Hill

Despite a decline over the last few months, the Euro Index ($XEU) remains in a long-term uptrend and is trading in a potential reversal zone....(more)

May 14, 2004

Xerox Corporation -- Koos van der Merwe

Xerox is a company that has been through the worst, and came out smiling. Anne Mulcahy, the company's chief executive, recently made the announcement, ". . . there is no question that we are open to ...(more)

Shanghai Composite Remains Range Bound -- Arthur Hill

The Shanghai Composite suffered a serious setback over the last few months, but the index has reached an important retracement level within a larger trading range....(more)

Gaming The Mid-May Bounce -- David Penn

The three major averages have all traced out hourly bottoming patterns in the middle of May....(more)

H&R Block Showing Positive Signs Of Reversal -- Steven Coffey

Plenty of divergences are pointing toward an upswing....(more)

May 13, 2004

The Return Of The Son Of The Bearish Confirmations -- David Penn

It's all about the March 2004 lows for the Dow Transports and Industrials....(more)

Halliburton's Bullish Consolidation Pattern -- Kevin Hopson

Halliburton's potentially bullish trading range could mean much higher prices in the long-term....(more)

Two Bearish Patterns for Software HOLDRS -- Arthur Hill

Two bearish patterns are taking shape in the Software HOLDRS (SWH) and these point to much lower prices over the next few months....(more)

Wireless Index Still Holding Important Trendlines -- Arthur Hill

The Dow Jones Wireless Communications Index (DJUSWC) remains in both a long-term and medium-term uptrend with important trendlines still holding....(more)

May 12, 2004

Weekly Chart For Gold Shows Danger -- Gary Grosschadl

The price of gold violates a major pattern. Unless it bounces immediately, more downside is in store....(more)

Crude Oil Futures Break Out -- Ashwani Gujral

Crude oil has broken out of consolidation patterns both on the weekly and daily charts. Breakouts on two time frames simultaneously lead to powerful moves. One thing is sure: Crude oil has broken ou...(more)

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