If I flip a coin 500 times then plot each heads and each tails on a graph trends would mysteriously appear. Might get 15 heads in a row before another tail. Then maybe 10 tails. Would look just like a stock chart. Aren't real trends though just a meandering of random outcomes. To the eye would look like a trend but it really isn't. The previous outcome would have to influence the present outcome to make the claim of a trend. Each coin flip outcome is random. I think I see what you mean. :eek: But previous market price DOES influence current price??
Episode #31 live: http://www.michaelcovel.com/2012/10...s-to-play-trend-following-with-michael-covel/ Also, on iTunes: http://www.covel.com/podcast
Three new episodes live: http://www.michaelcovel.com/2012/10...houghts-and-poor-thoughts-with-michael-covel/ Also, on iTunes: http://itunes.apple.com/us/podcast/trend-following-manifesto/id151217747 <iframe src="http://html5-player.libsyn.com/embed/episode/id/2086553/height/325/width/325/direction/no/autoplay/no/autonext/no/thumbnail/yes/preload/no/no_addthis/no/" height="325" width="325" scrolling="no"></iframe>
Mark Shore on the podcast now: http://trendfollowing.libsyn.com/mark-shore-interview-trend-following-with-michael-covel