The indices remain stuck in a holding pattern. For the fourth session in a row they traded within relatively tight ranges and closed near last Tuesday’s closing levels. It looks like the market will work off its short-term overbought condition simply by going sideways.
Trend Table
No changes
| Trend | Nasdaq | S&P 500 | Russell 2000 |
|---|---|---|---|
| Primary | Down | Down | Down |
| Intermediate | Up | Up | Up |
| Short-term | Up | Up | Up |
(+) Indicates an upward reclassification today
(-) Indicates a downward reclassification today
Lat Indicates a Lateral trend
*** I’m simply using the indices’ relations to their 200, 50 and 10-day moving averages to tell me the long, intermediate and short-term trends, respectively.
Quick question:
How do you get those annotated charts on to the web? It looks like they are charts off of stockcharts.com.. I just can’t figure out how to get them annotated and posted onto a blog. Thanks!
Andy
After configuring the SharpChart the way you want it click the “Annotate” link beneath the chart. That will pop up a little java application that will let you annotate the chart.
From there I use SnagIt to take a screen capture of the annotated chart. Then I upload the image to my server.