Measuring Trend and Trendiness - II

Measuring Trend and Trendiness - II - Measuring Trend and...

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Measuring Trend and Trendiness – II Brett N. Steenbarger, Ph.D. www.brettsteenbarger.com Below are two charts that look back on the past week, using two different methods for assessing the market’s tendency to trend:
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While there are timing differences between the Trendiness Measure (described in last week’s article ) and the Power Measure, they basically tell the same story over the course of the week. The market moved higher with an improving trend, then moderated its ascent (with declining positive trend), then pushed lower with the trend measures dipping into negative territory. By Friday, the trend measures lifted off their lows, remaining in neutral territory, giving indication that we were not following through to the downside. The market can be described as being in one of five modes at any given time: bullish trend with expanding positive trendiness; bullish trend with waning trendiness; neutral trend (rangebound); bearish trend with expanding negative trendiness; bearish trend with
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This note was uploaded on 08/11/2009 for the course FINANCE Fixed Inco taught by Professor Proflim during the Three '09 term at University of Adelaide.

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Measuring Trend and Trendiness - II - Measuring Trend and...

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