Friday, June 3, 2011
the context of trend relativity
All models must be evaluated in the context of trend relativity. The existence of any band depends on the time frame analyzed. For example, the market may print a strong bull move on a weekly chart, bear the daily model and solid extension of the 5-min bar, all at the same time. An array produced by a time period not signal similar conditions in other periods that particular market trades through.
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