THE TREND IS YOUR FRIEND The price chart of a security may appear like a random distribution, but this is not so.
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The Trend Following Method A simple trend following method is to use a 9 period simple moving average of the closing prices and an 18 period moving average of the closing prices.
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Instruction to a broker to immediately sell or buy at the best available bid or offer.
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Next our established trend line was broken with a close below the line and the last piece of evidence was when we had a close below the support.
Dow himself never actually used the phrase.
So it is with channels, as these too must be adjusted as the trend accelerates or decelerates.