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Greetings All,
By the time many of the more popular trend indicators kick in (moving
averages of various flavors and combinations, the MACD, the ADX and even
the PDI/MDI) the trend itself can often be nicely underway. This seems to
apply especially when price action takes a sharp turn, as in a "V" bottom
or an inverted "V" top. The numbers feeding into the calculation of the
indicators cause a lag. Gradual changes in direction don't seem to pose a
problem.
I'm not trying to call tops and bottoms, but even a minor jump on
conventional trend indicators would be helpful. To date, my efforts to get
a handle on the initial phase of trends after sharp market turns have not
been rewarding. I can't seem to conceptualize it. Can anyone point me in
the direction of published thoughts on how one could approach this kind of
market action? Or, would you be willing to share some basic observations of
your own? I can't imagine that this question hasn't occupied many traders
at one time or another.
If I should simply "fugeddaboudit," well, that's a possibility too. I may
be cross-posting this inquiry. My apologies in advance.
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