This Shows the Current Stock Market Bias ...
Stock-Markets / Stock Market Sentiment Aug 12, 2010 - 01:43 AM GMTBy: Marty_Chenard
A down trend within an up trend?
Medium term, Institutional activity is showing an up trend in Accumulation.
Take a look at the 1 through 5 labels on today's chart. What can you observe about the pattern of the labels?
If you answered that they are in an up trend, you are correct. (An up trend is defined as a condition where higher/highs and higher/lows are made.)
Now, let's look at the shorter term... the period in between labels 4 and 5. What can you observe about what is happening here?
If you answered that "Institutions are in Accumulation, BUT their level Accumulation is declining", you would be correct again.
So, even though the medium term trend is up, the shorter term is showing a duress condition for the market because Institutions are decreasing their Accumulation levels.
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By Marty Chenard
http://www.stocktiming.com/
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Marty Chenard is the Author and Teacher of two Seminar Courses on "Advanced Technical Analysis Investing", Mr. Chenard has been investing for over 30 years. In 2001 when the NASDAQ dropped 24.5%, his personal investment performance for the year was a gain of 57.428%. He is an Advanced Stock Market Technical Analyst that has developed his own proprietary analytical tools. As a result, he was out of the market two weeks before the 1987 Crash in the most recent Bear Market he faxed his Members in March 2000 telling them all to SELL. He is an advanced technical analyst and not an investment advisor, nor a securities broker.
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