Unless price is making an all time high or an all time low, it is always simultaneously in an up trend and a down trend. regards f9
Cannot believe that this post has not been picked up as yet. Trend seems to be very much in vogue the last couple of days here on ET. regards f9
An all time high or all time low is an instant in time. Are you saying that one tick below an all time high and one tick above an all time low the market both, in an up trend and down trend? I think, for a given time frame, it is always difficult to establish whether the market is in an uptrend or downtrend but the above description appears to be too simplistic. Bob
It has always been and will always be an endless discussion. A waste of energy. Apparently more and more people do realize that and stop posting. I only post to kill the time as trading is boring when you are trendfollower. Most of the time waiting to open or close a trade.