studying stock market trends
March 21, 2014
Some daily signals are bearish, some bullish. The Smoothed Rate of Change study has held a bearish orientation since March 6th. The study would have turned bullish today except shares sold off. The study will stay bearish on Monday if shares are weak again. This study is pretty good about recognizing turns, so it is interesting that it has been bearish so many days in a row while price has marched in place.
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Financial markets are predictable because segments of price action fit together in a limited number of patterns that are not random. Markets are unpredictable too because there is enough variability in the patterns to hide the trend at some stages of development. I am fascinated by the market and spend a lot of time working to identify price trends so I can exploit them for profit.