Monday, September 10, 2007

The market short term trend

If you don't have the time to follow the market action day by day, it is useful to know what is the current trend in a short time frame, say 5 to 7 days.

Aiming to answer that, I have developed sort of a short term indicator that I'll be posting every Monday, hopefully.

Here the first view applied to the fte's QQQQ, SPY and Rut. As you can see the long side (green) is favored now...

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