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Trend table status

Trend

SP-500

R2000

COMPX

Primary

Up 7/31/20

?- 3/31/20

Up 5/29/20

Intermediate

Up 10/2/20

Up 8/21/20

Up 10/9/20

Sub-Intermediate

? 1/4/21

? 1/4/21

?+ 1/4/21

Short term

? 12/11/20

? 1/4/21

Up 11/24/20


Don Worden of Worden Brothers (makers of Telechart software) used to keep a trend table before his health issues got in the way. I always found it useful. Mine is slightly different. Hopefully helpful. Up? or Dn? means loss of momentum. ? by itself means trend is neutral. ?+ or ?- means trend is neutral with bias of up(+) or down (-)

Monday, May 7, 2012

Bombay breakdown

It looks like the Bombay index broke down.  It bounced back some today and did not close below the low of the break down day.  Therefore, the break down has not been confirmed yet.  I would wait for that to happen before entering INDZ the inverse fund.  If the index ends up recovering back up into the trading range, then it should be safe to enter INDL and look for an upside break out from the pattern.



Bob

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The information in this blog is provided for educational purposes only and is not to be construed as investment advice.