An Up trend is defined as a series of higher highs and higher lows.
The recent uptrend will not last forever. At some point we will have a reversal and a down trend will develop. For the moment the uptrend remains intact.
Thursday, April 8, 2010
Up Trends have Up Legs and Down Legs
The market has been in a low volatility uptrend. The market, however, never goes straight up; rather it has up legs and down legs.
An Up trend is defined as a series of higher highs and higher lows.
The recent uptrend will not last forever. At some point we will have a reversal and a down trend will develop. For the moment the uptrend remains intact.
An Up trend is defined as a series of higher highs and higher lows.
The recent uptrend will not last forever. At some point we will have a reversal and a down trend will develop. For the moment the uptrend remains intact.
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