Is it the numbers of Amazon?
Is it the Mayhem is Tunisia and Egypt?
Is it Europe and Ireland?
Is it the last fad with long hair and growing a beard?
Is it the fill-in-the-blank that is happening?
I am sure there will be reasons found and used by many why yesterday was up and today is down, so far.
And if market bounces right now and recovers all the intraday losses, I am sure media will find a reason to explain that as well -- All in hindsight, of course
At market Time Premium, we concern ourselves with what price does and objectively define risk across multiple timeframes. We try to lay out scenarios that may bring change to the ongoing price patten in weekly, daily and intraday timeframes.
We study a host of technical indicators, we emphasize the importance of breadth, momentum and sentiment, but we place price above all other indicators.
We study from large frame to short frame, but, knowing that change happens at the margin, we define and maintain the criteria for a trend change starting from short frame to large frame.
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S&P 500 – May 15, 2012 - Bottom Line: Long term trend is up. Mid-term trend is down. Short-term trend is down Weekly S&P stage is Late Advance (2-C) Daily S&P stage is Strong Decli...
1 year ago