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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

Up 10/15/20

? 10/21/20

Up 10/13/20

Short term

? 10/19/20

? 10/19/20

? 10/19/20


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 (-)

Wednesday, November 26, 2014

Daily update 11/26

The streak continues.  Here is the daily chart.


It was yet another closing high.  We had the lightest volume since the end of Aug.  Most people must have taken the day off.  I don't even know what to say about this super odd price levitation.  In all the years I have been doing this I have never seen such a big lack of selling pressure.  There has been no real downside testing since this rally started back in mid Oct.  Nearly everybody must think this market can only go up from here.  I have never seen such a strong group think about any market before.  I find it rather amazing in the face of a global economy that is clearly slowing down significantly.  If this turns out to be a sucker move it will go down in history as the biggest one ever.  Time will tell.

Have a great Thanksgiving to U.S. readers.  I hope everybody gets to enjoy some family time.

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.