The State of the Trend

By: George Krum | Sat, Sep 1, 2012
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Three weeks ago we posted our upside targets for this year. And little has changed since then to alter our outlook. Expectations for a new round of stimulus from the Fed have pushed the major indices back to their April and May highs:

Should the QE III expectations be confirmed at the next FOMC meeting in September, or should there be some positive news out of Germany and Europe in the same time period, there is little doubt that the indices will continue on their upward trajectory:

The chart below clearly defines the short-term state of the trend for the Sp500. Volatility has collapsed since the beginning of August, and price has been stuck in the middle of daily Hurst Channels which define support for the upcoming week at 1380:



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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