It looks like someone linked you here to our printer friendly page.
Please make sure you go Back to Safehaven.com
for more great articles just like this one!
The State of the Trend
By: George Krum | Saturday, March 9, 2013
Most are probably familiar with the quote attributed to Einstein that insanity
is doing the same thing over and over again and expecting different results.
The financial version of insanity is expecting a crash or even a sizeable
correction while the Fed is engaged in quantitative easing.
Since the current round of QE is open ended, that raises the probability that
the QE III fueled rally may surpass in length the previous rallies.
The weekly chart below illustrates the point:
There's also the question of whether the belief that one can print his way
to prosperity may also be some form of insanity. But we'll discuss that topic
at a later date.
For the time being, the trend remains up for all the major indices, in all
time frames.
George Krum is the author of the "CIT Dates" blog and several
books available on Amazon.
Gann
9 - the only financial app that allows users to effortlessly apply
the legendary W.D. Gann's tools and methods (including the Square of 9).
OddsTrader - the
only financial app that combines the power of Hurst Channels
with proper risk and position size management, can be obtained from the Apple
store. The Android version can be found here.
OT
Trend - the second addition to the OddsTrader
app family, allows you to 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, anytime, anywhere.
