Friday, February 5, 2010

Update on The Ultimate Momentum Signal

As pointed out in the yesterday's post, downward momentum has accelerated today. The latest Momentum Signal is at -100 which can be seen from the snapshot below:

Even though the market will be trading for one and a half hours tomorrow, the 6th Feb, 2010, I will not be updating  The Ultimate Momentum Signal spreadsheet with tomorrow's data. It is felt that the short time of trading on a Saturday may not be considered as a significant data point.

The momentum shifting/continuation daily close prices for the trade dated 8th Feb, 2010 is below:

As the market is having strong  downward momentum, the closing prices required for the momentum shift on next day's trading is far away from today's close.

Cheers and Happy Trading!!!

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