Determining a Trend

I would like to start a discussion on the different ways stock traders use to determine the overall MARKET. So far, I have found the O'neil method the best.

 

was the subject of his own thread in which determining trend and change in trend was discussed recently:

http://www.elitetrader.com/vb/showthread.php?s=&threadid=16546&highlight=Sperandeo

If a summary of O'Neil on the subject is avlb. it might be useful to post it here too.

Geo.

 

See page 59 of HTMMIS

 

Would you, briefly, outline O'Neil method ?
Thanks,
Walter

 

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[1]William O Neill is rightly included in Jack Schwagers top trader books.

[2] Many good helpful observations come from experience;
like 1% pullback is a excellant uptrend.

[3]Market Makers Edge by Joshua Lukeman would rate more helpful than Vic,-who has made excellant points;
Joshua helps any timeframe -NYSE, NasdaQQQ.
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''In all labor there is profit''-Solomon,trader king

 

I'm in the Trader Vic camp. His books are a must read IMHO.

His books are Trader Vic-Methods of a Wall Street Master
and Trader Vic II-Principles of Professional Speculation

You'll learn about:

• 1-2-3 change of trend method
• Trader Vic 2B pattern (my favorite)
• 4-day rule

And plenty of other helpful information to help you catch that next big trend!