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!!!

You can read the Info and Instructions document from here.

You can also checkout the five year history of The Momentum Signal Spreadsheet from here.

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