How to Distinguish between trending and Choppy Days

Discussion in 'Technical Analysis' started by Flashboy, Oct 10, 2003.

  1. harry dude... if u know how to predict whether next day will be trend or chop plz do tell us. BUT only if you can describe it in SIMPLE terms, if not than you're right - don't bother:D
    #41     Oct 13, 2003
  2. =====
    In simple terms,but not a prediction;
    like the elite trader said ''higher highs and higher lows'' and chop isnt.

    Moving averages may help.

    A black bear may look like a black angus bull for a day;
    but there are reasonable high probabilities for completely different pattern identification and trading.

    Even though we called friday was a choppy day;
    keep in mind we wouldnt have to call it a chop-it closed up and UP about .20 in DIA, SPY QQQ, UP .20 in swing or position.
    The diligent find freedom in work-Solomon,trader king
    #42     Oct 13, 2003