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Index Trends 8/10/04


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#1 Porter

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Posted 10 August 2004 - 09:46 PM

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

#2 rick

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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 Porter

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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