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Taming the Lion: 100 Secret Strategies for Investing by Richard Farleigh

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8. The Understanding and Use of Trends in Prices

8.0 There is statistical proof that market prices trend

I remember vividly the day in the late 80s when I was first able to prove statistically that most market prices move in trends. I was absolutely flabbergasted, and really pleased. Here I had found a gift. Price moves could be partially predicted!

For quite some time I had suspected that prices trend, and my trading style had already evolved so that I traded with a trend, rather than against one. I preferred to buy when the market was already rising because I sensed that I was swimming with the tide. I also had some ideas as to why prices should trend.

Blind Freddy loves charts

However, without proof, I could not be certain. Although ...

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