Simple Moving Average This is the most widely used and is simply calculated by adding up a set of values and dividing the total by the number in the set.
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This identification of trend, its beginning and end, is the most important thing we have to do.
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Changes in interest rates, government announcements, etc.
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The opposite is true for the long side.
Dow interpretation of a trend was that each rally high be higher than the previous rally high and each rally low be higher than the previous rally low.
Technical analysis is the science of human behavior.