Monthly Trend Value -2 (questionable)
Weekly Trend Value -1 (questionable)
Daily Trend Value -8 (trending down)
45-minTrend Value -1 (mixed)
Turtle Trend (LT) -4 (running downtrend)
SPU Trend
..........Q......M.....W.....D.....45'
SPU....U......U......U.....D......D
Value..2......0......0......-2......0
------------
SHORT TERM TRENDS
Opening Range Trend
Daily--Up
Weekly--Up
Monthly--Neutral (breakout of 1061 to 1108.3 determines direction)
Globex
45-min Trend Up
135-min Trend Up
-------------
Keltner Band Trend
10-day Down
7-day Down
2-day Up
-----------
Moving Average Trend
Mason-Dixon (NDX 200H) Down
Gator (SPX 13D+8) Down
Mallory (NYA 49D) Down
SB (SPX 75D) Down
Chandelier Trend
Zweig (MID5%) Down
Stox (NAZ9%) Down
Junk (ML1%) Up
---------------
Intermediate Momentum Indicators
NY ITBM ITBM
NY 10D NH% Down
ND 10D DEAD Down
NY Vol McSum Down
ND Vol McSum Down
Seven Sentinels
...TrinQ Buy
...TrinY Buy
...NAMO Buy
...NYMO Buy
...NAHL Buy
...NYHL Buy
...BPCompQ Sell
Commentary
Six of the 7 Sentinels gave a Buy signal today.
The ITBM turned up today.
The Globex spoos 135-min trend turned up.
Porter
Index Trends 8/10/04
Started by
Porter
, Aug 10 2004 09:46 PM
2 replies to this topic
#1
Posted 10 August 2004 - 09:46 PM
#2
Posted 11 August 2004 - 07:59 AM
Porter,
Are these numbers a simple, mechanical (non-proprietary) calculation? Monthly Trend Value -2 (questionable)
Weekly Trend Value -1 (questionable)
Daily Trend Value -8 (trending down)
45-minTrend Value -1 (mixed)
Turtle Trend (LT) -4 (running downtrend)
If so, can you direct me to where they are defined.
thanks, Rick
#3
Posted 11 August 2004 - 08:22 AM
Are these numbers a simple, mechanical (non-proprietary) calculation? Monthly Trend Value -2 (questionable)
Weekly Trend Value -1 (questionable)
Daily Trend Value -8 (trending down)
45-minTrend Value -1 (mixed)
Turtle Trend (LT) -4 (running downtrend)
The first four (Monthly, Weekly, Daily, 45-min) are swing trend values.
I follow four indices--spoos, Compx, NYA, and MID.
Each is given a value ranging from -3 to +3.
If the index is in a running uptrend +3.
If the index is in a simple uptrend +2.
If the trend is up, but the index is in a trading range +1.
If the trend is questionable the value is 0.
I then sum the value for all 4 indices.
For example, right now for the Monthly swing value, the spoos are Questionable; so the value is zero.
The Compx is also questionable, but it is likely to turn down, so the value is -1.
The NYA has not broken its May low, so it is still in a trading range +1.
The MID is in a simple Monthly downtrend -2.
Summing these values gives a total of -2.
Altogether I rate the Monthly trend as questionable.
It could resolve either way.
Since the Quarterly trend is Up, it is more likely to resolve Up.
The Turtle Trend is different.
It is based on 20D Donchian breakouts.
The Value is -1 in a downtrend and +1 in an uptrend.
Right now all 4 indices are in a downtrend so -4.
Porter