Momentum tracking and Trend-following
Mel Widner, PhD.
Repeated smoothing of data gives a spectrum of trends that, when plotted in color, have the appearance of a rainbow. Observe them all, pick your time frame, and act accordingly.
One approach to finding gold is momentum tracking and trend-following. Trend-following is a common, if not the most common, timing method used by traders and investors.
The underlying premise is that prices have momentum and inertia and will continue in the same direction until something occurs fundamentally to change that.
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