July 29, 2004

Journey to the End of the Diagonal -- David Penn

Ending diagonal triangles are one of the many ways Elliott wave analysts bring five-wave movements to a close....(more)

Confirmation Comes To The Averages -- David Penn

While Dow theorists eagerly watched to see if the Averages would take out their May lows, recent closes beneath the July lows may already tell a bearish tale....(more)

Crude Oil: Roar Or Death Rattle? -- Jason Braswell

With crude oil making a new all-time NYMEX high today, you can be sure that plenty of people are going to start chirping about it again, and much of the discussion will likely assume a grim tone given...(more)

Shanghai Composite Enters Support Zone -- Arthur Hill

The Shanghai Composite has been a roller coaster over the last two years and is now approaching a major support zone....(more)

Emerging Support For Rowan Cos. -- Kevin Hopson

The recent pullback in Rowan Cos. may provide an excellent buying opportunity for investors....(more)

July 28, 2004

DELL Continues to Hold Strong -- Arthur Hill

Despite weakness in the Nasdaq, Dell Inc. (DELL) remains within striking distance of its October high and shows good relative strength....(more)

DR Horton and the Head-and-Shoulders -- Arthur Hill

DR Horton (DHI) is part of a homebuilding group that has outperformed the market over the last four years. With a head-and-shoulders reversal brewing, things could be about to change....(more)

The Copy Book Recovery Of Xerox -- Koos van der Merwe

Xerox Corporation raised its full year outlook, citing second quarter performance and strong demand for Xerox's new technology and value-added services....(more)

TSX Energy Index Testing A Breakout Level -- Gary Grosschadl

This Canadian Energy Index has been lagging its American counterparts and now hints at wanting to go higher....(more)

Kmart Retracement -- Gary Grosschadl

After doubling in price in three months, a retracement is no surprise....(more)

July 27, 2004

Lumber in August -- David Penn

Will recent highs in lumber futures mark the top of the bull market?...(more)

July 26, 2004

Bears Falling on Cotton -- David Penn

Since breaking down in the spring of 2004, cotton futures have lost a third of their value in four months....(more)

July 23, 2004

A Portrait of General Electric as a 2B Test of Top -- David Penn

A favorite technique for spotting potential market tops and bottoms appears as shares of General Electric test their June highs....(more)

Biotech HOLDRS Break Neckline Support -- Arthur Hill

A top has been brewing in the Biotech HOLDRS (BBH) for months and the stock finally broke neckline support. Now what?...(more)

July 22, 2004

Microsoft Revisited -- Koos van der Merwe

On June 24th, I submitted an article, Microsoft: Is It Worth Buying? I decided to revisit the stock price to see if it is still worth buying....(more)

The Moving Average Trilogy -- David Penn

A short-covering rally in the $OEX runs into resistance at the 20-, 50- and 200-day simple moving averages....(more)

A Developing Bottom for Marvel Enterprises -- Kevin Hopson

Marvel Enterprises has experienced a steep decline in recent weeks but this may be coming to an end....(more)

July 21, 2004

Best Buy: The Bid Is A Lonely Hunter -- David Penn

While some may have longed for a head and shoulders bottom, the July breakdowns in Best Buy add to the saga of retail's woes....(more)

Talbots Leaves Them Stranded -- Arthur Hill

Talbots (TLB) formed two opposing gaps in as many months and this has created an "island of losses" as well as a large bearish reversal....(more)

Amazon Shrugged -- David Penn

A head and shoulders top in the hourly chart of this internet stalwart suggests lower prices for Amazon in the near term....(more)

Ruger Breakout A Misfire -- Jason Braswell

Sturm Ruger & Co., Inc. looked ready to break out of their long-term downtrend, but it now looks to have been a trap. Potential investors should now hold and see if the long-term trend will resume....(more)

July 20, 2004

Airlines Get Grounded -- Arthur Hill

My previous articles on the Dow Jones Airline Index were bullish, but a recent failure and steep decline suggest something is amiss and a reassessment is in order....(more)

Nasdaq Downside Targets -- Gary Grosschadl

The high tech Nasdaq Index is looking particularily weak at the moment. Downside targets are in sight....(more)

So Far, So Good For Gold -- Kevin Hopson

As expected, gold prices found a bottom in spring and have proceeded to move higher. However, prices are coming up on key resistance now....(more)

July 19, 2004

Natural Gas Due For Another Bounce? -- Jason Braswell

Natural gas just broke down out of a major pattern and looks ready to fall further, but key support is in the way. Can prices push through, or are they due for another bounce?...(more)

Red Hat Goes Splat -- David Penn

Leading Linux distributor + accounting irregularities = gaps down and a failed rally into resistance....(more)

Triangle Top Test For Petro-Canada -- Gary Grosschadl

From 2002 to 2004, this Canadian oil giant has doubled in price from $35 to $70. Now it's off its peak....(more)

Silver's Cup With Handle Bottom -- David Penn

After a perilous drop in April from over $8 to under $6, is silver ready to rally?...(more)

ChevronTexaco's Double Pattern Breakout -- Kevin Hopson

ChevronTexaco's diamond breakout and symmetrical triangle breakout both indicate higher prices in the near-term....(more)

July 16, 2004

Natural Gas Warns Lower -- David Penn

Deep MACDH troughs point to lower prices ahead for December natural gas....(more)

CISCO SYSTEMS: Are You Telling Us Something? -- Koos van der Merwe

The market seems to be moving sideways in the summer doldrums. CNBC presenters keep talking about technology stocks bringing the market down. Yet Cisco...hmmm... what are you telling us?...(more)

July 14, 2004

The Volatility Index: How Low Can it Go? -- David Penn

Lower now than during the bull market peak in 2000, is this what bull markets are made of?...(more)

Volume Indicators Differ for Newmont -- Arthur Hill

Here is Newmont Mining (NEM) with two volume indicators singing from different song books....(more)

A Wild Six Months for Crude Oil -- Kevin Hopson

Even though crude oil prices have been up and down this year, predicting the various cycles has been easier than you might think....(more)

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