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HodarReport (< 20)

Actual technical analysis

Recs

6

March 06, 2009 – Comments (4) | RELATED TICKERS: SPY , IVV , VTI

The past month's decline in the S&P 500 index has formed a narrow channel pattern, with a well-defined lower trend line and a not-so-well defined upper trend line.

This is a helpful development, because these close trend lines are like trip wires that will give an early warning signal when the overall market trend changes.

(Ecerpt from my blog: hodarreport.blogspot.com)

4 Comments – Post Your Own

#1) On March 06, 2009 at 10:47 AM, BigFatBEAR (99.27) wrote:

Thanks for the cross-bloging Jody, sometimes I don't always make it off to your third-party blog on crazy market days.

While I do enjoy and benefit from your TA, there's quite a few others who do good things with charts in this community, too. Just sayin'...  the title of your blog suggests you disagree. :)

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#2) On March 06, 2009 at 10:47 AM, MarketBottom (30.68) wrote:

#2) On March 06, 2009 at 9:11 AM, HodarReport (99.65) wrote:

It would help if there were other examples of 369 point drops after a 20/50 crossover - otherwise the projection is completely arbitrary.

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#3) On March 06, 2009 at 10:55 AM, HodarReport (< 20) wrote:

Thanks, BFBear. I purposefully made the title open to interpretation.  :-)

MarketBottom,

Huh?

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#4) On March 06, 2009 at 7:57 PM, oldfashionedway (71.69) wrote:

The channel or trend lines in the above chart accurately and concisely document the market's recent decline. 

I can understand and agree with the simplicity of the TWO blue lines, and the economy of words in the TWO sentences of "technical" analysis.

Sometimes less is more.  A rec for you.

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