The State of the Trend

By: George Krum | Sun, Dec 18, 2011
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After bouncing off chart support at 1210, the SP500 closed the week at 1220, the level identified in last week's article. And just like last week, we continue to monitor the inner weekly triangle for signs of strength or weakness in the market.

Market internals are showing signs of improvement, after the major indices registered their lowest weekly levels on the December 15th CIT date.

The risk/reward ratio, from the point of view of weekly Hurst Channels, is close to 1:1, just about right for an index stuck in the middle of a triangle.



George Krum

Author: George Krum

George Krum

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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