October 22, 2002

Bullish Percent is a Good Barometer of the Market -- Kevin Hopson

The bullish percent is the percentage of stocks that are on buy signals at any given point in time. By watching for certain patterns, investors can interpret what type of market - bull or bear - we ar...(more)

October 21, 2002

A Head and Shoulders Top in Crude -- David Penn

The summer ascending triangle breakout runs into a head and shoulders top....(more)

Will Nasdaq Gap History Repeat? -- Gary Grosschadl

These Nasdaq gaps look familiar-- the spring of 2001 showed a similar chart situation. How much of this pattern will repeat?...(more)

The S&P 500's Ascending Triangle -- David Penn

Is this the way the rally ends? Not with a bang, but a triangle?...(more)

October 18, 2002

Bank Index Closing In On Another Test -- Gary Grosschadl

The last time this index look precarious, the markets hit a downleg and now it's showing another interesting juncture....(more)

Gold Index Showing Mixed Signals -- Gary Grosschadl

Positive action in the main indices has brought the golds understandably down and gold traders are in a quandry as to their next move....(more)

October 17, 2002

Third Waves: Then and Now -- David Penn

How real is this countertrend rally? We've been here before ......(more)

Fifty-Percent Retracement Levels Can Provide Good Buying Opportunites -- Kevin Hopson

Fifty-percent retracement levels can offer good entry points for traders and investors. The November 2002 natural gas contract provides a good example of this....(more)

October 15, 2002

Short-term Trouble for Gold Bugs -- David Penn

A retracement in the Gold Bugs Index suggests patience for owners of gold stocks....(more)

Trading Opportunities in Triangles -- Gary Grosschadl

Even bearish formations are tradeable as this weekly chart shows via a descending triangle....(more)

October 14, 2002

ChevronTexaco Corp. is Stuck in a Trading Range -- Kevin Hopson

ChevronTexaco Corp. has been stuck in a tight trading range the past few weeks. The stock's 50-day moving average, long-term downtrend line and a developing triple top formation are acting as resistan...(more)

Elliott Wave: Extensions and Retracements -- David Penn

A minute fifth bottom sets the stage for a bullish, a-b-c correction in October....(more)

October 11, 2002

Head & Shoulders or Cup & Saucer? -- Koos van der Merwe

Often a pattern will start developing a left shoulder and a head. Then there will be the inevitable wait for the right shoulder to develop in order to form a true head and shoulder pattern. If the rig...(more)

October 10, 2002

Another Triangle in Treasuries -- David Penn

A breakout from a symmetrical triangle takes the 10-year Treasury into an ascending triangle....(more)

Networking Index Due For A Bounce -- Gary Grosschadl

The networking index and the networkers have been beaten up badly, however it looks primed to at least give us a bear rally....(more)

How Now Gold? -- Koos van der Merwe

Gold has been demonetized. In the past, world economies based the strength of their currencies on the price of gold. For the past ten years or so, this has no longer been the case....(more)

October 08, 2002

The AMEX Oil Index is Facing Significant Trendline Resistance -- Kevin Hopson

The AMEX Oil Index (XOI) gave a false buy signal last week when it broke a double top in the 460 to 465 range. Significant trendline resistance would have alerted traders to an upcoming reversal in th...(more)

A Look At The Dow Monthly Chart -- Gary Grosschadl

Will the Dow's recent low hold or will it go to 6400?...(more)

US Dollar Index Shows Some Optimism -- Gary Grosschadl

The weekly chart shows the overall markets may find some firm footing going forward. A bullish flag has formed coming off a possible bottom....(more)

October 07, 2002

Triangles and the British Pound -- David Penn

Penny-wise and pound-foolish? Not if these triangles have anything to say about it....(more)

Predicting the Future Using Elliott Wave Analysis -- Koos van der Merwe

Through the years, I have found that Wave theory acts better as a guiding light than a predictive strategy....(more)

October 04, 2002

Relative Strength Index and Stochastics Can Help Confirm Tops -- Kevin Hopson

Though Apache Corp. (APA) recently hit a new 52-week high, the relative strength index (RSI) and stochastics pointed to a potential top in the stock price....(more)

It's Time To Exit Amazon.com -- Andrew Hetherington

It is unfortunate for this e-retailer that the expected rebound has come to an end. Amazon.com has bounced up from the $5.51 low of last September to a very respectable and surprising high in May of ...(more)

March Sugar's Triple Bottom -- David Penn

The June rally in sugar resumes in September....(more)

Bombardier B Shares and the Red/Green Trading Strategy -- Koos van der Merwe

Another look at a trading methodology based on historical highs and lows....(more)

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