Comments on: Long Term Composite Indicator Hits Extreme http://www.tradersnarrative.com/long-term-composite-indicator-hits-extreme-309.html Freshly squeezed market commentary & analysis Thu, 20 Nov 2008 15:41:03 +0000 http://wordpress.org/?v=2.0.2 by: Tuesday links: moderating moderation « Abnormal Returns http://www.tradersnarrative.com/long-term-composite-indicator-hits-extreme-309.html#comment-28197 Tue, 29 Jan 2008 17:07:52 +0000 http://www.tradersnarrative.com/long-term-composite-indicator-hits-extreme-309.html#comment-28197 [...] Indicator updates. (TraderFeed, Trader’s Narrative) [...] […] Indicator updates. (TraderFeed, Trader’s Narrative) […]

]]> by: Keith Shepard http://www.tradersnarrative.com/long-term-composite-indicator-hits-extreme-309.html#comment-28123 Tue, 29 Jan 2008 03:09:18 +0000 http://www.tradersnarrative.com/long-term-composite-indicator-hits-extreme-309.html#comment-28123 Interesting that many longer and mid-term indicators are all pegging their extremes at this point. <a href="http://www.traderfeed.blogspot.com/" rel="nofollow">Dr. Brett Steenbarger</a> passed this short article along through <a href="http://twitter.com/" rel="nofollow">Twitter</a> that I thought was interesting statistically: --- <a href="http://www.seekingalpha.com/article/61918-2008-marks-worst-market-start-on-record" rel="nofollow">2008 Marks Worst Market Start on Record</a> Below we provide an updated list of the worst starts for the S&#38;P 500 (through 1/25) since 1929, which is as far back as we have data. As shown, 2008 is currently the worst start ever for the S&#38;P 500. <b>On a brighter note though, in each year where the index was down more than 5% through 1/25, the performance from 1/25 through the end of the year was positive every single time with an average gain of 7.26%</b>. --- (Bold mine.) Hmmm.... Interesting that many longer and mid-term indicators are all pegging their extremes at this point. Dr. Brett Steenbarger passed this short article along through Twitter that I thought was interesting statistically:
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2008 Marks Worst Market Start on Record

Below we provide an updated list of the worst starts for the S&P 500 (through 1/25) since 1929, which is as far back as we have data. As shown, 2008 is currently the worst start ever for the S&P 500. On a brighter note though, in each year where the index was down more than 5% through 1/25, the performance from 1/25 through the end of the year was positive every single time with an average gain of 7.26%.

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(Bold mine.) Hmmm….

]]> by: Steve http://www.tradersnarrative.com/long-term-composite-indicator-hits-extreme-309.html#comment-28108 Mon, 28 Jan 2008 23:41:48 +0000 http://www.tradersnarrative.com/long-term-composite-indicator-hits-extreme-309.html#comment-28108 The momentum indicators that I follow are also moving nicely off their extreme lows. For the short term, the momentum is definitely turning to the upside. I don't really care about the whys or wherefors of the markets direction. Nobody ever has the right explanation except way after the fact, so I just follow the trend. Check out my website http://justfollowthetradewinds.blogspot.com/ if you want to see what I am tracking. The momentum indicators that I follow are also moving nicely off their extreme lows. For the short term, the momentum is definitely turning to the upside. I don’t really care about the whys or wherefors of the markets direction. Nobody ever has the right explanation except way after the fact, so I just follow the trend. Check out my website http://justfollowthetradewinds.blogspot.com/ if you want to see what I am tracking.

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