What Is an Accelerated Trend?
Let's see how an accelerated trend is different from a nonaccelerated trend, how it begins, develops and ends, and how the MIDAS S/R curves behave during its run. First, though, let's examine a typical nonaccelerated trend. Look at Figure 2.11 in Chapter 2. This is a downtrend with four significant pullbacks, tracked by that fivefold hierarchy of resistance curves. Notice that each pullback comes right up to the previous R curve. There isn't much of anything that's different about this downtrend as it progresses. It just keeps going along until, for some unapparent reason, it ends with the penetration of R5. At any point before the end, there's nothing about this downtrend that would tell you whether you're at the ...
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