The quickest and easiest way to establish a trend is by drawing a trend line, yet it is unbelievable and frightening how often these are done incorrectly. At the risk of being pedantic and accused of treating readers condescendingly, we […]
Member's Blog
Tag: channel
Drawing the line: Correctly
Posted in Finance, Markets, STA charts, STA news, Technical Analysis, Trading, Trending
Tags: channel, pitchfork, Trends
Tags: channel, pitchfork, Trends
Trending over the very long term – Secular trends and ruminations
Trading the wholesale markets for the last 35 years, I have been thinking about the changes I have seen.
Most obvious of course is technology, the advent of computing power revolutionising the way we technical analysts work, the quantity of data we can deal with, and the choices we have available to us. Not forgetting search engines so that we can quickly double-check details we have forgotten and theories we are a bit flaky on. I find Wikipedia and StockCharts.com invaluable when unsure of which parameter is the default for a particular analysis – and so on.
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