Databased

Databased

Obviously MU has had a volatile few weeks, however, 7.54 has provided significant long term resistance. As long as this holds I am not worried about it falling lower. With this said MU appears to be consolidation, and preparing for its next move. Looking at virtually every major WMA one will notice that not a single one has made a bearish crossover in the last...

Databased

While point and figure charting has largely fallen out of fashion; I find it quite useful to identify trends during complicated markets. Obviously intel had a great run up before earnings, displaying a full catapult. After earnings intel fell rather quickly, yet its fall was broken by its lower trend-line. For now I believe Intel is simply consolidating before...

Databased

While it seems that a retrace ment is probably in order I believe we still have a little more time. Last week we broke out of a significant resistance level and as of now the RSI and MACD seem to indicate that we have a bit more time before reaching oversold status. I believe we will continue to see gains until later this week

Databased

This is the shorter term follow to my long term chart regarding NVDA's potential breakout, which can be found here ---> Breaking the chart down, first on the daily level I don't really see many signs that NVDA is ready to brak out of its shell and start major wave 5. On the most basic level it doesn't look like its finished its wave V regression. My best of...

Databased

NOK's recent upswing raises the obvious question - can we expect further upward movement. I believe the answer is yes. Last weeks regression should have questioned the continuance of wave three, however the strong upward movements and the completion of the ABC regression seems to have instead signaled the end of wave V's and should allow us to continue upwards....

Databased

MU has had great run over the last couple months and from elliott wave analysis it appears that MU is currently in its 5th wave. This raises the essential question of where are we in the 5th wave. I tried to answer this question by modifying the time horizon to assess the waves progress, and while only time will tell, it appears that the third wave of wave 5 is...