S&P "400" Mid-Caps

[Trend Trader]

Put in about two weeks in what looks to be a pretty nice bottoming pattern which is very similar to past bottoms .. Got a really nice bounce on Fed day and are now just about sitting right against down trendline and also the 50 day MA. It will look much better if we move up a couple more days and the indicator can get across the centerline,, until them I will be very cautious and watching my short term trading signals.



My short term signals have been working close to expectations giving a buy pretty close to the bottom and also giving the whipshaw signal during the consolidation period. The long term indicator had the buy signal Fri near the highs,, but lost it in the decline into the close. I will be watching the short term signal closely next week for a decline in case it does come. Wishing everyone all the best in trading and have a great long weekend..

[rffrydr]

Nice layout. Good to have easy-access chart with commentary right here. This "long term" crossover point aligns with several other key points right here: notably the third Fan line on the weekly SP and the moving averages on the daily. And have mentioned the 61.8 fib.

The whipsaws are almost a necessary condition of a good turn. That top was a master fake out. The quality and quanities make me doubt however. And wouldn't this be a rather short "long-term" down signal?

[Trend Trader]

The move from the lows is coming along nicely up a little over 6.5% at present close. I also got the buy signal on the Long Term Indicator on Monday's closing price ... Will it hold and the move up continue let's hope so........