Posted by 31 May 2004

Weekend Reading

There’s been a lot of good economics & business related blogging of late. This week’s Carnival of the Capitalists highlights many good recent articles. Below are some of the ones that caught my eye, plus a few other posts I read over the weekend: Michael at the Calico Cat discusses the ‘free market of blogs’. [...]

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Posted by 29 May 2004

Another Look at Multiple Moving Averages

Here’s an example of Guppy’s Multiple Moving Averages (MMAs) in action. Below is the NASDAQ daily chart for the last 12 months. The long term group of MMAs is in orange and the short term group is green. Note how the short term group tends to bounce off of the long term group when the [...]

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Posted by 29 May 2004

Let’s Review

I thought I’d walk through the NASDAQ chart for the last month or so to show you how I came up with my game plan. This chart will look a bit different than the charts I usually post because I’m showing Guppy’s Multiple Moving Averages instead of just showing the 10, 50 and 200-day moving [...]

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Posted by 27 May 2004

Squeeze Time

This feels like one of those classic ‘scratch your head’ rallies. Everybody has been so Chicken Little-ish of late, so I’m sure the bears were pressing their luck. Combine that with the fact that the Dow and S&P 500 are now back above their 50 day moving averages, the (expected) light volume ahead of the [...]

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Posted by 27 May 2004

Winding Down

I thought the market held up very well yesterday given all the terrorism talk. It started rolling over once Ashcroft’s press conference got underway, but quickly recovered. I was impressed and surprised that the NASDAQ was able to close over its 50-day moving average (DMA). Its chart is now looking like just a normal pullback [...]

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