August 16, 2004

A Closer Look At
"A Developing Depression. . .Not A Boom" -- Koos van der Merwe

The above article appeared in the March 2004 issue of "Technical Analysis of STOCKS & COMMODITIES," by Robert R. Prechter and Peter Kendall....(more)

General Motors: A Leading Indicator? -- Koos van der Merwe

It is often said that General Motors (GM) is the Dow, and where GM goes, the Dow is sure to follow....(more)

Introgen's (INGN) Reversal Attempt -- Gary Grosschadl

Introgen Therapeutics recently established a 14-month low and is now attempting a reversal....(more)

What Happened To Hewlett-Packard? -- Andrew Hetherington

The last time I wrote on this equity it had a very nice head and shoulders bottom reversal pattern. I was anticipating it to go higher over the long-term, but. . . things change. The time to sell lo...(more)

For Feeder Cattle Futures Who Have Considered Cup With Handle Patterns When The Rally Wasn't Enuf -- David Penn

Has the bull market in cattle futures run out of steam? A look at the hourly chart of October feeder cattle suggests not....(more)

Imclone Systems (IMCL) From A Long-Term Perspective -- Andrew Hetherington

The long and the short of it for Imclone....(more)

Why Rowan's Breakdown Could Create The Ultimate Buying Opportunity -- Kevin Hopson

Rowan recently breached key support around the $23.00 level but the long-term technicals still point to higher prices....(more)

The Diamond In Lincoln National -- David Penn

Does the diamond top in Lincoln National anticipate broader weakness through the insurance industry?...(more)

August 13, 2004

Forecasting Boeing Turbulence -- Gary Grosschadl

Boeing's stock price has held up very well in the midst of recent market pain and high oil prices but this trader sees likely turbulence ahead....(more)

NYMEX Gas Making A Decision Soon -- Jason Braswell

NYMEX natural gas is hovering over a confluence of support, both long- and short-term. All signs point to a modest rise very soon, and unless long-term resistance can reign in the rally, it will like...(more)

Silver Futures Bottom Out After A Massive Fall -- Ashwani Gujral

Silver fell by 40% in April 2004, and then formed an accumulation pattern. If it breaks out above 6770, it should see a target of 7470. With the uncertainity in global markets and the terror alerts, ...(more)

Treasury Diamonds Are Forever -- David Penn

How much longer will long rates trend lower?...(more)

Lonesome Oil -- David Penn

Oil prices are rocketing to new highs nearly every day. So why aren't the oil stocks going along for the ride?...(more)

Gold Likely To Remain Sideways -- Ashwani Gujral

Gold seems to be in a $60 range for the foreseeable future, with both the daily and weekly charts showing weak trends. As long as there are the opposite pulls and pushes from interest rate hikes and ...(more)

Honeywell Is A Diamond In The Rough! -- Andrew Hetherington

Honeywell (HON) is definitely on the move higher, but the question is when to jump into a long position while the general market conditions are short. Examining the monthly, weekly and daily charts w...(more)

Catch 1-2-3 -- David Penn

Yahoo (YHOO) makes a 1-2-3 trend reversal, gapping down all the way....(more)

August 12, 2004

Toronto (TSX) In Trouble? -- Gary Grosschadl

The Toronto Stock Index (TSX) has been safely above its 200-day exponential moving average for the past 15 months. Now it's being tested with a recent close below that mark....(more)

Lucent Technologies Making A Slow Move Down -- Andrew Hetherington

A head and shoulders points to downside for Lucent Technologies....(more)

Nasdaq Composite Breaks Down From A Bearish Pattern -- Ashwani Gujral

The Nasdaq composite broke down from a bearish head and shoulders pattern on both the daily and weekly pattern. It has returned from the upper end of its weekly range to continue trading in a consolid...(more)

Pulte Plays with Double Top -- Arthur Hill

The homebuilders have been leading the market for some time, but signs of distribution are starting to surface in one of the leaders....(more)

August 10, 2004

Oil Services Not Impressed With Oil -- Arthur Hill

While oil exceeded its March high with ease, the Oil Service HOLDRS (OIH) is having a little more trouble and meeting resistance from its March high....(more)

Is Natural Gas Ready For A Bounce? -- Kevin Hopson

Natural gas has corrected significantly since the May high but prices could be due for a bounce in the near-term....(more)

Dr. Resistance And Mr. Support -- David Penn

After breaking down from an intraday triangle, prices rallied back toward the breakdown point in a classic example of support turning into resistance....(more)

Research In Motion -- Koos van der Merwe

BlackBerry - those popular wireless handlends. Anyone who has one is quick to whip it out as a status symbol. What do the charts tell us?...(more)

The Volatility Index Continues To Point To Lower Stock Prices -- Kevin Hopson

Despite last week's sharp correction in the equity market, current volatility levels do not indicate a significant bottom in the S&P 100....(more)

August 09, 2004

July Insider Update -- Matt Blackman

For the month of July, insider selling fell to the lowest level in more than a year. It was the largest July decline in seven years. What does it mean?...(more)

Gone With The Triangle -- David Penn

That's the answer. The question? Where did any hope of a week-ending rally in the $OEX go?...(more)

Oil And Gas Stocks Approaching Key Support -- Kevin Hopson

The Oil Services Index and AMEX Oil Index could be due for a bounce....(more)

Bearish Candlesticks Point To Reversal In JB Hunt -- Arthur Hill

Even though the broader indexes have been weak in 2004, truckers just kept on trucking. However, recent bearish candlesticks point to resistance and a reversal for JB Hunt (JBHT)....(more)

August 05, 2004

A Bearish Trading Range For The Nasdaq 100? -- Kevin Hopson

The Nasdaq 100 shares have bounced off the $34.00 level several times the past year but the current consolidation pattern may point to a break of support here....(more)

Bel-20 Bucks The Trend -- Arthur Hill

Despite weakness in French and German stocks, the Belgian stocks are finding a bid as the Bel-20 breaks symmetrical triangle resistance....(more)

IBM Forms Yet Another Rising Flag -- Arthur Hill

IBM remains in a downtrend punctuated by rising flags and the stock looks ripe for yet another continuation lower....(more)

The Head And The Shoulders -- David Penn

The market sold into the Democratic national convention and rallied during and out of it. Does the hourly head and shoulders top in the $OEX mean that a similar market move will take place in advance...(more)

August 04, 2004

Return Of The Son Of Denying The Divergence -- David Penn

A double negative divergence signaled a market top in June. Will another double negative divergence signal another top in August?...(more)

August 03, 2004

Why The S&P 100 Could See Much Lower Prices -- Kevin Hopson

A lack of fear in the marketplace could indicate lower prices for the S&P 100....(more)

Gap Counter Gap -- David Penn

A one-day island reversal in shares of Goldman Sachs points to lower prices going forward....(more)

August 02, 2004

Sometimes A Gold Notion -- David Penn

What if the March highs represented the end of a cyclical bull market in gold?...(more)

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)

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