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I don't disagree at all that the usual lot of gambler indicators are
late/ineffective in determining trend because they filter the real
price/volume information. Exception if a market is trending strongly.
However, there are ways of identifying and projecting trend using reasonably
simple drawing tools and pivots - the market in almost any time frame will
tell you where it's going.
Earl
-----Original Message-----
From: Mark Brown <markbrown@xxxxxxxxxxxxx>
To: omega-list@xxxxxxxxxx <omega-list@xxxxxxxxxx>; Bob Fulks
<bfulks@xxxxxxxxxxxx>
Cc: flag@xxxxxxxxxxxx <flag@xxxxxxxxxxxx>
Date: Tuesday, October 13, 1998 8:41 AM
Subject: Re: Trend or No Trend
>What I'm trying to get across is the following : If you can determine the
>trend thane its too late to do you any good. You should either ignore the
>trend or have a fail safe reversal in your system that automatically buys
a
>break in the direction of the trend. Until then you need to go about your
>merry way trading chop ranges, or occupying your time in some other
>constructive manor. If you dont you'll likely die of boredom waiting for
>that trend that can only be identified after the fact.
>
>MB
>
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