172: The Magic of Momentum Trading – Alan Clement
Better System Trader
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How Do You Measure the Trend?
There's basically no agreement in the market about what Qantas happens to be worth at any particular point in time. So you get this, this swing between supply and demand, which is driven behind the scenes by the market sentiment. When people are more bullish, they will tend to create more demand that will push the price up. And it unfolds in this, this sort of slow building way, because nobody really wants to pay much more than the last guy.
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