{"id":19766,"date":"2012-07-23T15:20:32","date_gmt":"2012-07-23T19:20:32","guid":{"rendered":"http:\/\/www.thedisciplinedinvestor.com\/blog\/?p=19766"},"modified":"2016-09-20T12:11:10","modified_gmt":"2016-09-20T16:11:10","slug":"when-the-spearman-rolls","status":"publish","type":"post","link":"https:\/\/thedisciplinedinvestor.com\/blog\/2012\/07\/23\/when-the-spearman-rolls\/","title":{"rendered":"When the Spearman Rolls&#8230;."},"content":{"rendered":"<p><a href=\"https:\/\/podcasts.apple.com\/us\/podcast\/the-disciplined-investor\/id217999782\" target=\"_blank\"><img decoding=\"async\" class=\"size-medium wp-image-257 alignright\" title=\"iTunes Subscribe\" src=\"https:\/\/thedisciplinedinvestor.com\/blog\/wp-content\/uploads\/2012\/07\/itunes_subscribe3-5.png\" alt=\"\" \/><\/a>The trusty Spearman indicator is showing an overbought condition that is now correcting. Looking at the chart, notice the highlighted areas.<\/p>\n<p>Often times when the Spearman Indicator begins to roll under the moving average from above the overbought level, there is a correction. While the indicator cannot provide the magnitude or duration, notice that once the trend changes, it usually takes some time to run its course.<\/p>\n<p style=\"text-align: center;\"><a class=\"twitter-follow-button\" href=\"https:\/\/twitter.com\/andrewhorowitz\" data-show-count=\"false\">Follow @andrewhorowitz<\/a><script type=\"text\/javascript\" src=\"\/\/platform.twitter.com\/widgets.js\"><\/script><\/p>\n<p>As of this afternoon, the indicator has crossed under in a pattern we have <!--more-->seen before recently.<\/p>\n<p>Earlier today, <a title=\"Where is S&amp;P Support  Watch for These Levels\" href=\"http:\/\/www.thedisciplinedinvestor.com\/blog\/2012\/07\/23\/where-is-sp-support-watch-for-these-levels\/\"><strong>we looked at some important support levels for the S&amp;P 500 as well.<\/strong><\/a><\/p>\n<p>&nbsp;<\/p>\n<p><a href=\"https:\/\/thedisciplinedinvestor.com\/blog\/wp-content\/uploads\/2012\/07\/spearman-1.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-19785 aligncenter\" title=\"spearman\" src=\"https:\/\/thedisciplinedinvestor.com\/blog\/wp-content\/uploads\/2012\/07\/spearman-1.jpg\" alt=\"\" width=\"599\" height=\"380\" \/><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The trusty Spearman indicator is showing an overbought condition that is now correcting. Looking at the chart, notice the highlighted areas. Often times when the Spearman Indicator begins to roll under the moving average from above the overbought level, there is a correction. While the indicator cannot provide the magnitude or duration, notice that once [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[12,42],"tags":[483,165],"class_list":["post-19766","post","type-post","status-publish","format-standard","hentry","category-markets","category-stocks","tag-markets","tag-technical-analysis","et-doesnt-have-format-content","et_post_format-et-post-format-standard"],"acf":[],"_links":{"self":[{"href":"https:\/\/thedisciplinedinvestor.com\/blog\/wp-json\/wp\/v2\/posts\/19766","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/thedisciplinedinvestor.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/thedisciplinedinvestor.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/thedisciplinedinvestor.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/thedisciplinedinvestor.com\/blog\/wp-json\/wp\/v2\/comments?post=19766"}],"version-history":[{"count":0,"href":"https:\/\/thedisciplinedinvestor.com\/blog\/wp-json\/wp\/v2\/posts\/19766\/revisions"}],"wp:attachment":[{"href":"https:\/\/thedisciplinedinvestor.com\/blog\/wp-json\/wp\/v2\/media?parent=19766"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/thedisciplinedinvestor.com\/blog\/wp-json\/wp\/v2\/categories?post=19766"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/thedisciplinedinvestor.com\/blog\/wp-json\/wp\/v2\/tags?post=19766"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}