OK. Now because we cant trade today (pity me), I want to share something with you. Today I’m going to write about trend. Well, basically there are three types of trend. We have UPTREND, DOWNTREND and SIDEWAYS. Uptrend is where the peaks and trough is higher and downtrend is vice versa. When there is little movement up or down in the peaks and troughs, it’s a sideways or horizontal trend. This is not for for trading. If sideways happens, its better for us to sit at the side 
Next is the TREND LENGTHS. Along with these three trend directions, there are three trend classifications. A trend of any direction can be classified as a long-term trend, intermediate trend or a short-term trend. In terms of the stock market,
- a major trend is generally categorized as one lasting longer than a year.
- An intermediate trend is considered to last between one and three months and
- a near-term trend is anything less than a month.
A long-term trend is composed of several intermediate trends, which often move against the direction of the major trend. If the major trend is upward and there is a downward correction in price movement followed by a continuation of the uptrend, the correction is considered to be an intermediate trend. The short-term trends are components of both major and intermediate trends. Take a look at this figure:
When analyzing trends, it is important that the chart is constructed to best reflect the type of trend being analyzed. To help identify long-term trends, weekly charts or daily charts spanning a five-year period are used by chartists to get a better idea of the long-term trend. Daily data charts are best used when analyzing both intermediate and short-term trends. It is also important to remember that the longer the trend, the more important it is; for example, a one-month trend is not as significant as a five-year trend.
to be continue……
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