FOLLOW THE TRENDS
John Henry discussing about his trading philosophy, claiming no knowledge of the future (nobody does) but allways following the trend.
"I knew I could not predict anything, and that is why we decided to follow trends, and that is why we've been so successful. We simply follow trends. No matter how ridiculous those trends appear to be at the beginning, and no matter how extended or how irrational they seem at the end, we follow trends."
I was thinking about the strong trends we see on the markets these days, despite todays losses, when reading Henry's article. See first the German DAX trending since November of last year, reaching for years high of 6000.
The DOW JONES trending above the narrowing rising channel. Even a correction to 11100 would maintain this existing trend.
Systemtrading
Dow Jones
trends
I was thinking about the strong trends we see on the markets these days, despite todays losses, when reading Henry's article. See first the German DAX trending since November of last year, reaching for years high of 6000.
The DOW JONES trending above the narrowing rising channel. Even a correction to 11100 would maintain this existing trend.
Systemtrading
Dow Jones
trends
posted by Carlo Giuntoni at 6:42 PM
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