Sunday, March 3, 2013

SPX uptrend is right translated

You may observe when an equity is trending up that the up leg is longer (points up and time) than the down leg (points and time).  This is referred to as "right translated".  Take a look at the S&P 500 (uptrend until a week or so ago).  This understanding of cycles may be helpful in timing your trades.

Here is the chart:

GL traders

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