A Look At Our Friends Spearman and Trend/Stall (Chart Prep)
February 16, 2012 9:55 am
A winning effort begins with preparation.
According to the indicator’s creator, a cross ABOVE or BELOW the zero line is what is most important to note and action can be taken if that condition is confirmed. For now, this should be looked at as a strong move lower for the indicator, but in the context of a longer term uptrend.
We have added Bloomberg’s Trend/Stall indicator to the chart to show that there is agreement between the two indicators. The bottom line is that this provides an update and alert to be prepared for a turn if it is confirmed.