ChartWatchers

February 2008

ChartWatchers

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THE LINE CHART ADVANTAGE

by Chip Anderson

This is a rarity. I am proposing that you use line charts - in one instance. A line chart simply connects one closing price to the next closing price. Intraday activity does not appear and is ignored... Read More 

ChartWatchers

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DIA FAILS AT BROKEN SUPPORT

by Chip Anderson

In the 15-December issue of ChartWatchers, I pointed out the possibility of a head-and-shoulders top in the Dow Industrials ETF (DIA). The ETF formed a weekly bearish engulfing pattern that week and this marked the mid December high... Read More 

ChartWatchers

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BOTTOM STILL NOT RESOLVED

by Chip Anderson

When the market began to rally this week, it looked as if a successful retest of last month's lows had occurred and that another up leg had begun; however, what looked like the start of a new rising trend, has now morphed into a triangle formation with the price index trying to b... Read More 

ChartWatchers

DOW JONES INDUSTRIALS CHANGING

by Chip Anderson

Dow Jones announced last week that they are removing Altria and Honeywell from the index and adding Citibank and Chevron. The change takes effect at the start of trading on Tuesday... Read More 

ChartWatchers

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COMPARING BOND ETFs

by Chip Anderson

The below chart compares the performance of four T-bond ETFs since last July, when money started to flow out of stocks and into bonds. The four ETFs represent different durations in the yield curve... Read More 

ChartWatchers

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DIGGING INTO MARKET BREADTH

by Chip Anderson

StockCharts.com has an extensive collection of Market Breadth indicators. Many of them can be found under the "Breadth Charts" link on the left side of our homepage... Read More 

ChartWatchers

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THE MARKET HAS BOTTOMED

by Chip Anderson

want to recap what was discussed in the last ChartWatchers newsletter. We were approaching significant long-term price support on the Dow and the lower trendline on the NASDAQ while pessimism was starting to ramp up... Read More 

ChartWatchers

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IWM NEARS RESISTANCE ZONE

by Chip Anderson

With an oversold bounce over the last two weeks, the Russell 2000 ETF (IWM) is nearing a resistance zone from broken support and the 50-day moving average. Before going further, I should emphasize that the overall trend remains down for two reasons... Read More 

ChartWatchers

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RESISTANCE THREATENS RALLY

by Chip Anderson

In my January 18 article I asserted that we had entered a bear market based upon long-term sell signals generated by downside moving average crossovers on the daily and weekly charts of the S&P 500... Read More 

ChartWatchers

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NO ONE IS IMMUNE

by Chip Anderson

We recently noted the US had in our opinion entered into a bear market; hence we believe rallies are to be sold in the coming weeks/months as prices enter into resistance... Read More 

ChartWatchers

DATAFEED MILESTONES

by Chip Anderson

We hit two milestones with our Datafeed Upgrade project during the past week. First, the upgraded data connections for our older Thomson feed were installed on Friday... Read More 

ChartWatchers

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JANUARY BAROMETER PREDICTS BAD YEAR

by Chip Anderson

I haven't heard anyone in the media talking about the January Barometer, which is based on the view that "as January goes, so goes the year". That's probably because they only talk about it when the market has a strong January, which predicts a good year... Read More 

ChartWatchers

GETTING STARTED ALL OVER AGAIN

by Chip Anderson

Hello Fellow ChartWatchers! First off I just want to take a second and say "Welcome" to all of our new members. Since January 1st, almost 1,000 new members have joined StockCharts.com(!)... Read More