Picking Out Your Trading Trend by Martin J.Pring
ARTICLE SYNOPSIS ...Pick Out Your
Trading Trend by Martin J.Pring
There are three kinds of trends: short, intermediate, and long
term. This veteran trader and analyst explains how you can
spot them and use them.
Technical analysis assumes that all
the knowledge, hopes, and fears of
both active and inactive market
participants are reflected in one
thing: the price. Even if I am in a
cash position, I am still influencing the price because it would be
higher if my cash were invested.
Thus, prices are determined by
psychology. This would just be an interesting observation,
except that psychology moves in trends,and...