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Chart Request: Viacom, Inc. (VIA)

Posted by Michael in June 2nd, 2005  
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Posted in: Chart Reading     Tags in: , , , and

Here’s a long term look at Viacom’s chart for Doc Dan:

Tags: Descending-Triangle, On-Balance-Volume-(OBV), symmetrical-triangle, Triangle, Viacom-Inc.-(VIA)

I Think We Have a Breakout

Posted by Michael in June 23rd, 2004  
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Posted in: Stock Market     Tags in: , and

Well so much for my easing back on swing trading. As you can see I went on a buying spree today. I was all set to just chill given how dead the market has been, but when my alerts started triggering I just said ‘what the hell?’ and jumped in. By 2:30 [...]

Broken Down

Posted by Michael in June 21st, 2004  
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Posted in: Stock Market     Tags in: , and

Well the NASDAQ fell out of that symmetrical triangle today. But this trippy & tricky market always has a back up plan to keep the masses on their toes. As you can see by the chart below the Naz is sitting just a hair above both the 50 and 200-day moving averages. [...]

Squeeze Play

Posted by Michael in June 16th, 2004  
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Posted in: Stock Market     Tags in:

I don’t have much new to say today. Obviously the market is struggling to go very far in either direction right now as today’s nearly flat performance shows. There is an interesting development on the NASDAQ chart though. There’s a symmetrical triangle (aka ‘coil’;) being built. (That link has an excellent [...]