A closer look at Nasdaq chart

by | Dec 3, 2008 | Nasdaq

One of the fascinating things about financial markets is the underlying harmony in price action. Once you spot a trend developing, it is often useful to measure how far a move travelled, and be alert for a swing of similar distance in the next leg of the move. This...

Is Colgate Palmolive ready to jump?

by | Dec 1, 2008 | US Stocks outlook

You might be wondering if Colgate Palmolive is preparing for a strong move higher. The weekly charts show that the stock has reached its Elliot Wave targets (a 3-wave correction that also complies with some Fibonacci projections). The daily charts show higher bottoms,...