The purpose of this thread is to show that TREND is a concept that only exists in the mind of the trader and therefore a MYTH.
See above: The Dow theory… “The [B][I]CONCEPT [/I][/B]of trend…”
Are you trying to say that “trend” is not a concept?
Look at it from a practical aspect: Since “trend” is familiar to most traders, then why does the market continue to exist? If a particular instrument is in an uptrend, why would anyone sell? If a particular instrument were in a downtrend, why would anyone buy? Isn’t the inherent disagreement over what the current “trend” is one reason why markets exist? If there is disagreement and not consensus then based on logic that was used by a poster in this thread, how can there be a “trend”?