Re: The Trend
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Trader Vic defines trends as follows...
An uptrend is a price movement consisting of a series of higher highs and higher lows.
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What is a "high"? A maximum over what time interval?
How many is a "series"? Can there be movement in that series which is not up, or does it have to be all up? The latter would seem to be an absurdity, as at some timescale there will always be fluctuation, and you would never have this "uptrend" condition.
So once we figure out what a "high" is (by defining an interval over which to take a maximum), how many lower highs can there be in this "series" before it is not an uptrend?
eastbay
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