Short term market direction might be calculated by a 'voting' from different indexes and ETFs. Only closing prices are taken in consideration. DN means short term Down. UP means short term up. First you will see the name of the index followed by the actual trend and than a number by crossing on closing the trend will be no longer valid. 01 INDU DN; 11300 02 DIA DN; 113 03 SPX UP; 1290 04 SPY DN; 131 05 OEX DN; 595 06 NDX UP; 1680 07 QQQQ UP; 41.5 08 Nasdaq UP; 2320 09 RUT UP; 750 10 IWM UP; 74 # of UPs 6:4 => market is short term heading UP with 60% probability. This should be just one indication and must matched with a lot more analysis. What do you think?