Observing Trends Beats Data Watching
Oct 12, 2009
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By William F. Nicklin
If we persistently and thoughtfully observe the detailed movements of an investable trend, we can develop an orientation that positions us well—long, short, or avoid. We can pay attention to high-frequency economic data and see how it fits with our orientation on any trends we're observing, but we should not panic into making mid-course changes under stress.