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Trend table status






Up 7/31/20

Up 1/29/21

Up 5/29/20


Up 10/2/20

?+ 4/23/20

?+ 4/30/21


Up 3/29/21

? 4/5/21

?- 5/10/21

Short term

Up 4/1/21

Dn 5/10/21

Dn 5/4/21

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 (-)

Friday, August 10, 2012

August market direction poll results

Do you think SPX is

headed higher this month
  16 (42%)
headed lower this month
  22 (57%)

Votes so far: 38

Looks like the bears have the majority even though SPX closed at new rally highs.  We may have a good contrary indicator today.  One of the traders they interview quite often on Bloomberg said he was taking of his bear suit today.  Interesting.  The action today makes me want to put a bear suit on. I guess we will see what happens.




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