The State of the Trend

By: George Krum | Sat, Sep 8, 2012
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The trend is up, and as long as the SP500 remains within the green channel, there is no need to change our year-end targets:

While the SP500 has been in an uptrend since May '12, this wasn't the case for some European (Spain, Italy) and Asian (China, Japan) markets. The change in trend for Spain and Italy started in July, following Draghi's comments. China and Japan have started showing signs of upside reversal just recently, and have at least another 10% upside potential before running into resistance. All these positive developments should provide a favorable backdrop for the US indices.

Weekly Hurst Channel targets are 1500 and 1525, while the pivot line is at 1413.

 


 

George Krum

Author: George Krum

George Krum
www.citdates.blogspot.com

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

OddsTrader - combines the power of Hurst Channels with proper risk and position size management. For a web version see OT Signals below.

Gann 9 - 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).

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 - pairs trading, one of the most successful hedge fund trading strategies, is now available on your smart phone.

OT Pivots - combines the power of pivot lines with cycles to provide you with concise technical analysis and powerful trading signals.

OT Signals - a web app accessible from any browser, tablet or pc. It gives buy/sell/hold ratings for any instrument from around the world, and defines the trend and support/resistance levels.

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