Compass: An instrument for determining direction
Trend Model: A compass for determining market direction
DJIA Monthly
DJIA Weekly
DJIA Daily
This is not a perfect methodology, but it is better then nothing, in fact, it is better then just about anything else. I think I can make it better with daily/weekly observations, with periodic analysis and with the addition of confirming indicators like the Vortex at the bottom of these charts.
The issue is whether you want to get onto a trend before it starts, just after it starts, or in the middle and/or end of it? This technique is designed to identify trends just after they have begun and conversely, just after they end.
Rather then argue the merits here, I will let these charts speak for themselves.
Same rule applies to my trading;
No arguments with trends.
Instead, strict adherence.
