Saturday, September 27, 2014

Bull Bear Fight Club

The Market Trend Model (http://bitly.com/M_Trend_Model) moved to a negative bias this week as bears tried to give the market a one two knockout punch.  The bulls countered with their own strikes, leaving the market a little punch drunk by the end of the week.  While the shorter daily time frame is a bit battered, the longer weekly time frame continues to maintain its positive bias.

I would expect the slop 'n chop market to resolve itself soon and one side or the other will emerge victorious.  Until then, it's a bull bear fight club.