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The three year old method (a three year old kid will be able to see it):
If the price on the far right side of the chart is higher than on the left
the trend is up, if it's lower the trend is down. If you have to take a
second look then there is no trend. Automatically adjusts to any time frame.
Based on this the S&P is still up on weekly and monthly, sideways daily,
and down on most intraday scales (@ 11:55 EST).
If you do not like what you see you can adjust the compression until you get
the trend you want ;)
C > C[x] then {trend is up};
C < C[x] then {trend is down};
Not so vague once you decide what "x" should be.
Bill Wynne
http://smarttrades.com/
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