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joemcc572004
Posted : Wednesday, August 18, 2010 1:29:10 PM
Registered User
Joined: 7/2/2009
Posts: 27
 Hi, I was wondering how to track the general direction of the markets by looking at a certain ticker that represents the sum of what is going on in the markets. Is there anything like that?
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Bruce_L
Posted : Wednesday, August 18, 2010 1:41:42 PM


Worden Trainer

Joined: 10/7/2004
Posts: 65,138
 There are plenty of Indices designed to represent the market, but I could not suggest one in particular. The trainers can't give setting, interpretation or investment advice. I'll move this topic to the Stock and Market Talk forum so other traders will be more likely to see it and comment.
-Bruce
Personal Criteria Formulas
TC2000 Support Articles
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funnymony
Posted : Wednesday, August 18, 2010 5:36:45 PM

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Joined: 2/5/2006
Posts: 1,148
 russel 3000-  iwv
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pthegreat
Posted : Thursday, August 19, 2010 9:09:14 AM

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Joined: 6/15/2008
Posts: 1,356
 SP500 - SPY
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wwrightjuly4
Posted : Saturday, August 21, 2010 2:21:41 PM
Gold Customer Gold Customer

Joined: 4/10/2006
Posts: 954
Thoughts on direction.  Using the Linear Regression channels and watching for break outs in trend. Watching for trend changes down,up,sideways.

Then trying to implement a strategy to take advantage or wait out the direction.

A weekly chart using 13, 26 week MA.  13weeks = Quarterly reports, 26wk half year.  I find this to be an easy tracking method.  i.e. take the temperture of the market.

Good luck.



sp500 weekly
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wwrightjuly4
Posted : Saturday, August 21, 2010 2:24:55 PM
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Joined: 4/10/2006
Posts: 954

I suspect we will test 1040-1047 on the SP500 soon,  if that fails to hold then 950-980 gets pretty ugly if you are long.
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wwrightjuly4
Posted : Saturday, August 21, 2010 2:27:48 PM
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Joined: 4/10/2006
Posts: 954
 As the 13 is below the 26week avg it is best to look for Short positions on the rally's or one day after a rally for confirmation the rally is false.
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wwrightjuly4
Posted : Saturday, August 21, 2010 2:53:25 PM
Gold Customer Gold Customer

Joined: 4/10/2006
Posts: 954
 On the otherside of the coin...if we move above 1140-1155,  look for a rally to 1240-1400.

Typically this time of year you dont get much buying, but every year has its on personality.
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srhightower
Posted : Monday, August 23, 2010 2:42:15 PM
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Joined: 2/4/2010
Posts: 7
 Type in T2100 or T2123 which, in my opinion, are excellent indicators of market strength.
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davidjohnhall
Posted : Monday, August 23, 2010 10:24:06 PM

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Joined: 6/6/2005
Posts: 1,157
 Nice, hightower.






Interesting...

David John Hall
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