These channels within channels are plotting the short, medium and long-term trend.
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Should back up here slightly and mention that in 1884 Dow published his first stock market average of 11 stocks.
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Some brokers execute stops differently.
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Prices seemed to follow a random walk as he observed them.
About 30% of the time a security will be in a definite trend.
It is also not necessary for what I am trying to achieve and that is to give you a broad idea of how the markets work and some way to trade them.