The State of the Trend

By: George Krum | Sun, Dec 18, 2011
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After bouncing off chart support at 1210, the SP500 closed the week at 1220, the level identified in last week's article. And just like last week, we continue to monitor the inner weekly triangle for signs of strength or weakness in the market.

Market internals are showing signs of improvement, after the major indices registered their lowest weekly levels on the December 15th CIT date.

The risk/reward ratio, from the point of view of weekly Hurst Channels, is close to 1:1, just about right for an index stuck in the middle of a triangle.



George Krum

Author: George Krum

George Krum

George Krum is the author of the "CIT Dates" blog, and the following apps available from iTunes:

OddsTrader - uses the power of Hurst Channels to produce price and time targets, and combines them with proper risk and position size management.

OT Trend - helps you quantify and forecast the seemingly random ebb and flow of stock, index or mutual fund movement.

OT Fibonacci - automates the process of applying Fibonacci numbers, ratios and time series to any security.

OT Seasonal - allows you to perform seasonal analysis on practically any security from around the world and to build long-term forecasts and models.

OT Pairs - is the first mobile app that gives users access to one of the most profitable and time tested hedge fund trading strategies.

OT Pivots - combines the power of Pivot lines with cycles and automatic signal generation.

Gann 9 - is the only financial app that allows users to effortlessly apply the legendary W.D. Gann's tools and methods for trading (including the Square of 9).

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