Friday, July 27, 2007

Lesson-6,Technical Analysis: The Use Of Trend
One of the most important concepts in technical analysis is that of trend.

The trend is really nothing more than the general direction in which a common stock or market is headed.

In any given chart, you will probably notice that prices do not tend to move in a straight line in any direction, but rather in a series of highs and lows. In technical analysis, it is the movement of the highs and lows that constitutes a trend.

The Importance of Trend
It is important to be able to understand and identify trends so that you can trade with rather than against them.

Two important sayings in technical analysis are "the trend is your friend" and "don't buck the trend," illustrating how important trend analysis is for technical traders.



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