Explanation Of the Current Trends Table
Indicates a new change in trend
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.