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Up Trend |
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Down
Trend |
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Indicates
a new change in trend |
The illustration immediately
above defines the background colors in the Current Trends table (top
right corner) indicating the current trend direction based upon the
proprietary MasterDATA Trend Channel Indicator (MTCI). In the
table itself, the displayed date indicates the date the trend for that
data period first began. In other words, if you look at the "S
& P 500 Index" row and the "Weekly" column, the date indicates the starting
date of the current weekly trade interval trend for the S & P 500 Index.
The background color indicates the direction of the current trend for
that period. Indications for weekly, monthly and quarterly data
periods are not "final" until the actual end of the period. For
example, if the weekly column indicates a new trend beginning on a Wednesday,
that new trend is not "official" until the end of the week with the
index still indicating the new trends. Prior to the end of the
data period, all changes are interim only.
Additionally, clicking on any index name displays
a report including access to numerous charts of the index. Numerous
major composite/breadth indicators are depicted for daily, weekly, monthly
and quarterly price intervals. The one red and two blue continuous
lines represent the MasterDATA Trend Channel Indicator. The red
line is the "Pivot". When a closing price crosses the Pivot line
a new trend is indicated. Daily charts and reports are updated
hourly throughout the trade session as well as end of day. The
remaining charts are updated when their period ends.
It is important to remember, that this table refers
to trend only. Trends may or may not be the sole basis for taking
a position. It is not uncommon for the market to experience prolonged
periods of consolidation where MasterDATA's Trend Indicator will vacillate
up and down within a short period of time. Changes in trend alone
are not necessarily an indication that the price will continue in that
direction.
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