Thursday, July 06, 2006

What's An Uptrend?

Reading through all the educational material I've bought over the years, an Uptrend can be defined as:
  • When the close (or low) is above an upward-sloping trend line you've drawn on the chart; or

  • When there are successive higher highs and higher lows; or

  • When the close (or low) is above a simple moving average (SMA); or

  • When the SMA is rising; or

  • When a faster SMA is above a slower SMA; or

  • Combinations of the above.

Which of these are true? Probably all of the them. Backtest.

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