Interesting stuff Eddie T.
SO - in summary,what is teh trading strategy in that book you mentioned?
E.g. I have come accross one trading strategy which says buy long when the price is above both the 40 day and 20 day simple moving average.
And exit the long position when the price dips below the 20 day S.M.A.
For going short it recommends doing teh opposite.
THis theory however was put forward by a guy called vince stanzione who seems to generally have a dodgy rep o just running realy expensive workshops of no real substance. Maybe that's just the cynics speaking !!
ANother strategy by a different guy called mark shipman also seems interesting.
He looks at far more long term and invests only after 12 week higher-highs.Normally he could hold a position for many many months.
By the way - mark shipman comes accross as a fairly reliable character to me.
There is a link below to an interview of his on the late late show.
I got his book - it's very very good.
[broken link removed]
His interview is half way down the page.
He also has a free webiste where he updates his positions every week.
www.trend-follower.com