July 2015
Intermediate to advanced
352 pages
9h 40m
English
book
A Technical Approach To Trend Analysis: Practical Trade Timing for Enhanced Profits
by Michael C. Thomsett
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2. Statistically Speaking—Trends by the Numbers
Trend analysis is based on technical attributes of price movement, but it is, and should be, much more. This chapter examines and explains the attributes of trend analysis based on probabilities and statistics.
Some primary points to remember are the following:
• Statistically, no trend continues forever, but some technical traders forget to look for signs of plateau or slowdown in the trend.
• While a price moves higher, traders need to also track other indicators to determine when stocks are getting too expensive, based on P/E ratio among other signals. In this regard, the trend works as an aspect of valuation, which is easily overlooked if a trader’s focus is only on the price of stock.
• While ...
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I'm always learning. So when I got on to O'Reilly, I was like a kid in a candy store. There are playlists. There are answers. There's on-demand training. It's worth its weight in gold, in terms of what it allows me to do.