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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 (-)

Friday, February 21, 2014

Dow comparison chart poll response

Have you seen the chart that compares the current Dow to the 1929 crash pattern?

Yes
  14 (60%)
 
No
  9 (39%)

Most of you have seen it.  That is really wide coverage for something like that.  I did not show it on the blog because I don't believe in comparison charts.  I have seen many over the years and outside of the three peaks and a domed house pattern I can't think of one that actually played out as the pattern suggested.  The recent rally has messed up the pattern anyway.  However, I think there is still considerable risk of a sizable down move here.  Stay tuned.

Bob

1 comment:

Unknown said...

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Stock market response analysis


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