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
Content preview from A Technical Approach To Trend Analysis: Practical Trade Timing for Enhanced Profits
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5. Reversal Patterns—End of the Trend
The confirmation of primary trends in the DJIA, obtained by tracking other Dow Jones indexes, is far from clear. A turn in price is controversial, and there isn’t a universal agreement about whether a reversal is a secondary trend or a new primary trend. The same problem is found in tracking individual stocks. When does a primary trend end, and how do you spot it?
This is the core problem of trend analysis. A reversal might represent a new direction for the stock for coming months or years. It might also be a secondary trend, with the primary trend in effect for the longer term. It can be a swing trend that will last only a few days. It can also be merely a retracement.
Key Point
A reversal can have numerous ...
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