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Strategies & Market Trends : Technical Analysis - Beginners -- Ignore unavailable to you. Want to Upgrade?


To: Bob Jagow who wrote (10368)5/28/1999 8:27:00 PM
From: kilo_watt  Read Replies (2) | Respond to of 12039
 
From what I understand of Dow Theory, trends are assumed to continue until they are proven to have reversed. Consequently, it would seem impossible to exit a position (less discipline) before the trend reversed, with consistency. Overall, though, it appears that trend identification is not terribly difficult, to my mind it's more a matter of the timeframe in which the trend is occuring. F'rinstance, isn't it substantially more difficult to correctly determine intraday trends versus longer-term trends... or do the longer-term concepts map directly to very short term trends? Meaning, the shorter the trend period the more difficult it is to determine your position within the trend.

Also, what is Metastock?

Bear in mind that I am a total beginner (in TA), so tread lightly :)