Dancing with the Trend

Article Summaries: 5/2018 - 8/2018

by Greg Morris

Periodically I write an article that reviews the past few months of articles.  Why on Earth would I do this?  Primarily for two reasons.  One is that many new readers are involved and often they do not go back and look at the past articles.  Two is that my articles are rarely tied to anything that is happening in the markets.  Generally, they are about experiences I have had as a technical analyst for 45 years; the good, the bad, and the ugly. You can think of my articles as sections in a book.  You can click on the headers for a link to the article Read More 

Dancing with the Trend

Weight of the Evidence - 2

by Greg Morris

In my previous article called Weight of the Evidence (WoEv) I compared my Weight of the Evidence with Tushar Chande’s Chande Trend Meter (CTM).  I also mentioned I was happy that Tushar had this indicator since I cannot divulge the exact details of my Weight of the Evidence.  A large difference between my WoEv and Tushar’s CTM is that I use market breadth AND price-based measures and Tushar only uses price-based measures.  At market tops (periods of distribution) I strongly believe breadth can offer an early warning to impending weakness in the markets.  This is because Read More 

Dancing with the Trend

Weight of the Evidence

by Greg Morris

In my recent Building a Rules-Based Trend Following Model series, I talked extensively about the Weight of the Evidence.  This is my measure to tell me what the market is doing based upon nine different technical measures made up of price, breadth, and relative strength (PBR, like the beer).  Tushar Chande introduced a substitute for your use with his Chande Trend Meter (CTM) in a recent article.  This was a wonderful happening since I cannot divulge the exact details of my Weight of the Evidence, as it is still used to manage millions of dollars.  This means you have a Read More 

Dancing with the Trend

Noise is Deafening!

by Greg Morris

Just in the course of a normal week, we are bombarded with information from sources such as the FED, television analysts, brokerage firm analysts, economists’ projections, newspapers, junk mail, neighbors, war reporters, fake news,  etc.  Making investment decisions without a plan or methodology is truly a gamble.  And to think that there are academic types who advocate that the markets are efficient, which means everyone has all the available information at the same time, and therefore cannot possibly get an advantage over anyone else is preposterous!   Then when Read More