Author Archives: Mark Rivest

Market Nexus Points – Part Three

The 07/27/21 blogs, “Market Nexus Points” and “Market Nexus Points – Part Two” examined S&P 500 (SPX)  nexus points using logarithmic scale.  This blog examines a potential nexus point using  arithmetic scale. R.N Elliott stated that when using trend lines to aid in the discovery of wave patterns, its possible to use both logarithmic andContinue reading “Market Nexus Points – Part Three”

Nasdaq Composite Fibonacci Points

A  follower to this blog asked if there was a Fibonacci resistance level for the Nasdaq Composite.  The 07/05/21 blog “The next S and P 500 Resistance Level’’ measured the S&P 500 (SPX) growth from March 2009 to April 2010 with the SPX rally from March 2020.  This examination showed that the rally from MarchContinue reading “Nasdaq Composite Fibonacci Points”

Diminishing New – 52 – Week Highs

Today 08/05/21 the Nasdaq Composite made a new all-time high unaccompanied by the other two main US stock indices, S&P 500 (SPX) and Dow Jones Industrial Average.  The SPX all-time high was at 4429.97 made on 07/29/21 , todays SPX high was 4429.55.   The daily chart of Nasdaq – New 52 – weeks highsContinue reading “Diminishing New – 52 – Week Highs”

Could August 2, 2021, be an Important Stock Market Top?

Today 08/02/21 the Dow Jones Industrial Average (DJI) made a new all-time high unconfirmed by the other two main US stock indices – S&P 500 (SPX) and Nasdaq Composite. I refer to this situation as a “rule of the majority signal” in this case a bearish signal, the truth is with the two non –Continue reading “Could August 2, 2021, be an Important Stock Market Top?”

Another Bearish Divergence

For several months the US stock market has had several bearish momentum divergences, both external and internal.  External moment can be gauged by price oscillators such as Stochastic. Internal momentum can be viewed by examining  advancing issues vs. declining issues. Since February 2021 the Nasdaq -Advancing – Declining Issues ($NAAD) has had bearish divergences vs.Continue reading “Another Bearish Divergence”

Market Nexus Points – Part Two

Robert Prechter’s book “Beautiful Pictures” illustrated Fibonacci time/price relationships within the Dow Jones Industrial Average bull move from July 1932 to January 2000. Prechter also examined Fibonacci time/price  relationships from 1974 to 2000 that tied in with targets derived from the larger price structure.    The previous blog “Market Nexus Points” illustrated Fibonacci time/price relationshipsContinue reading “Market Nexus Points – Part Two”

Market Nexus Points

Robert Prechter’s  book “Beautiful Pictures” illustrated several examples in which long-term stock market structures could be divided into Fibonacci price/time sections.  One example showed that the Dow Jones Industrial Average bull move from July 1932 to January 2000 was divided into two thirty-four-year sections with the 1966 peak as the nexus point. Its possible theContinue reading “Market Nexus Points”

Fibonacci Resistance Points

R.N Elliott wrote that its acceptable to use both logarithmic and arithmetic scale  in discovering  Elliott wave trend channels. This same theory could also apply to Fibonacci analysis. I’ve noted several times that when there’s a large percentage growth of a market or a stock to use growth rates when examining Fibonacci relationships. Growth comparisonsContinue reading “Fibonacci Resistance Points”

The Never-Ending Bull Market

After sixteen-months of steadily rising stock prices in which the largest correction was only 10%, complacent bulls probably think it will never end.  For analysts that study all four market dimensions, in particular momentum-  realize its more like a hidden bear market.   The daily Nasdaq –  Advance – Decline Issues ($NAAD) chart courtesy ofContinue reading “The Never-Ending Bull Market”