The State of the Trend

By: George Krum | Sun, Sep 23, 2012
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The trend is up, and the SP500 is one step closer to reaching our first QE III target:

We'll be keeping an eye on 1450 for early signs of a short-term trend reversal:

While the SP500 has moved sideways all of last week, market internals have peaked and are bottoming out. Once the up cycle begins, it should provide the fuel needed to continue the advance:

The technical outlook is seldom 100% bullish or bearish, and if we have to pick something to worry about, it would be seasonality and the Election Year cycle. It points to a drop until the end of October:

 


 

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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Source: The Contrarian Take http://blogs.forbes.com/michaelpollaro/
austrian-money-supply/