The State of the Trend

By: George Krum | Sat, Nov 24, 2012
Print Email

Market sentiment changed to "All In" during Thanksgiving week, and in just four days the SP500 recovered all the ground lost during the last couple of weeks:

As expected, market breadth peaked, and that leads us to believe that a sideways/down stage is about to begin:

A mild correction, where the index bottoms above the November lows, will raise hopes for a possible year-end rally, although the seasonal indicator points to choppy trading ahead:

Ditto with the May-June analog:



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).

Copyright © 2011-2014 George Krum

All Images, XHTML Renderings, and Source Code Copyright ©



Source: The Contrarian Take