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The State of the Trend

By: George Krum | Saturday, December 1, 2012

At the end of last week, bulls and bears achieved a state of equilibrium, at approximately the same SP500 level where it happened last time in October:

Market breadth peaked right on schedule and, despite the fact that the indices closed marginally higher for the week, market internals are hovering mid-range:

The SPX is following the seasonal pattern closely and, barring a miraculous and immediate resolution of the fiscal cliff negotiations, that seems to indicate that the index may have trouble overcoming resistance at the 1420-1425 level:

 

Author: George Krum

George Krum
www.citdates.blogspot.com

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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