Reactions to story from Price Time Volume Investing — Timing Market Cycles using Methods of WD Gann, Elliott Wave, Geometry, Squares, Trend Lines
Tale of Three Markets - QQQQ,RUT,VLE
http://ptv-investing.com/ blog/ 2008/ 05/ 11/ tale-of-three-markets-qqqqrutvle/
Interesting comparison of various sub-markets from the 2007 top to the March low. All three appear to have 5 complete waves down. The VLE did not make a new low on wave 5. This could be considered wave 1 up but since all the other markets didn’t really bottom until March, I go with the majority opinion. The QQQQ is behaving as expected with price respecting the 1:1 Gann Angle last week. The Russell 2000 small and mid-caps have been very weak since October. But price is currently above the 1:1 ascending Gann Angle and in good position to continue moving higher after a pause.
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