%% I see your points , i was NOT making a prediction- you probably figured that XR1011. You said ''it [main trend] indicates [set$] borders'' Exactly . And about 95%-97%of the time the market will enforce borders[prices] That why the trend is a good friend.Even a 95% probability can be WRONG 5 months in a row.......................................................................
%% Good profitable points Trender Si. I think it was in Jack Schwager or William O Neil [IBD founder] books. Investor said throw the long term chart on the floor [LOL]+ get up on the table + look @ it[long term chart]- good long term trend direction profit help. NOT a prediction but most big banks[BAC,DB, C.....] are going-trending down , on 10 year chart; SPY is going-trending up on 10 year candle charts.
I once had someone tell me that my swing trading stock tips for the long term would make great day trades. Basically, when I was identifying set-ups in the long term, they tended to be good day trades because on my entry day I was buying into a newly emerging trend. Maybe there is a method hidden in that advice somewhere. Might have something to do with this: If the long term trend is giving a buy signal, then the long term investors will see it and buy in. And the short term traders can take a ride on that demand.