I have meant that many newcomers (and some "old ones" too?) have (big) problems to define a trend here on FF. So Marber pretty much nails it here, IMO.
If you got some spare-time, allow me to share this great words-of-wisdom from Brian Marber. After 50+ years with TA, he should know he's stuff. If you consider yourself an technical analyzer and don't know this fella, you better swap your browser over to google in a haste. Or read some of he's work. I would assume that I'm not the only one who have a "thing or two" to learn from this gentleman.
This is a golden piece (IMO) you'll find in one of he's books where he writes about trend ;
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The most egregious human failing to extrapolation of the trend: let any trend go on long enough and everyone expect the odd chartist (and I do mean odd) refuses to believe it will ever change. Accordingly, after, often long after the bear market has actually grounded, they all carry on as before, standing aside or selling short.
I am certain you've all heard of dead cat bounce (an old and famous stock-pattern. Go here if you're unfamiliar with it); what the early months of a major upswing are inevitably called by the "experts" pontificating in newspaper, brokers' offices and on TV. Experts don't have to be right, of course, merely to have sound, usually fundamental and invariably intellectual reasons when they have been getting it wrong.
As for the bouncing dead cat, eventually those same experts who have been pronouncing its repeated death realize that particular pussy isn't bouncing but pouncing:moggy transmogrified into bull. Dead cats don't bounce; they lie on the floor getting smelly.
Sometimes, indeed, oft times, I wish the experts would lie down with them. If you lie down with dogs you get fleas, that's for sure, but with dead cats, experts have an advantage: most already have fleas.
Traders can't believe their bad luck when seeing price rise for a change. They just keep selling short. Finally, however, when they have cut their last losses on short positions and graduated to long ones, a trading mentality prevails; short-term long positions are the order of the day/week/month.
That is the main reason why the market keeps on going up; a profit is snatched; "I'll buy on the fall" is the cry. Do you think the market doesn't know that's what they're trying to do ? Of course it does; the market knows everything, despite having no eyes, ears or brain.
What the market does have is an eloquent mouth and it pays to listen to what it saying, not tell it what it ought to do. The market can't hear what experts are saying is right for it to do: it doesn't have morals; and it doesn't care. It does what it wants; and when it wants to do it.
Scalpers, attention;
The scalpers and day-traders eventually realise that if only they'd stayed with their original positions taken at the start of the bull market instead of hoping to make a franc or two, get out and in again, they'd be better off, and certainly have slept more soundly.
Of course, the way they would have missed the feelings of machismo so loved by traders; to say nothing of the bottles of bubbly. Or should that be Champoo ? Either way, eventually, they get the message: it's bull market, so let's be in for the long-term.
They are then joined, rather later, by the short-sellers for the Dead Cats Bounce Parade: Yes, even they decide this kitty is pretty, and go for a bull-shot. The man-in-the-street, then comes to the same opinion and, trying to avoid being run over by the man on the Clapham omnibus, climbs aboard.
Then the worrying start. Bull markets climb a wall of worry. Why ? That's human nature. Eventually, however, that good ole boy, Ext-rap-o-lation, joins the party, which, he says, will last forever.
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Sorry if this post bored you to death, I actually enjoyed it and had a good laugh too reading it.
If you got some spare-time, allow me to share this great words-of-wisdom from Brian Marber. After 50+ years with TA, he should know he's stuff. If you consider yourself an technical analyzer and don't know this fella, you better swap your browser over to google in a haste. Or read some of he's work. I would assume that I'm not the only one who have a "thing or two" to learn from this gentleman.
This is a golden piece (IMO) you'll find in one of he's books where he writes about trend ;
______________________________________________________________________
The most egregious human failing to extrapolation of the trend: let any trend go on long enough and everyone expect the odd chartist (and I do mean odd) refuses to believe it will ever change. Accordingly, after, often long after the bear market has actually grounded, they all carry on as before, standing aside or selling short.
I am certain you've all heard of dead cat bounce (an old and famous stock-pattern. Go here if you're unfamiliar with it); what the early months of a major upswing are inevitably called by the "experts" pontificating in newspaper, brokers' offices and on TV. Experts don't have to be right, of course, merely to have sound, usually fundamental and invariably intellectual reasons when they have been getting it wrong.
As for the bouncing dead cat, eventually those same experts who have been pronouncing its repeated death realize that particular pussy isn't bouncing but pouncing:moggy transmogrified into bull. Dead cats don't bounce; they lie on the floor getting smelly.
Sometimes, indeed, oft times, I wish the experts would lie down with them. If you lie down with dogs you get fleas, that's for sure, but with dead cats, experts have an advantage: most already have fleas.
Traders can't believe their bad luck when seeing price rise for a change. They just keep selling short. Finally, however, when they have cut their last losses on short positions and graduated to long ones, a trading mentality prevails; short-term long positions are the order of the day/week/month.
That is the main reason why the market keeps on going up; a profit is snatched; "I'll buy on the fall" is the cry. Do you think the market doesn't know that's what they're trying to do ? Of course it does; the market knows everything, despite having no eyes, ears or brain.
What the market does have is an eloquent mouth and it pays to listen to what it saying, not tell it what it ought to do. The market can't hear what experts are saying is right for it to do: it doesn't have morals; and it doesn't care. It does what it wants; and when it wants to do it.
Scalpers, attention;
The scalpers and day-traders eventually realise that if only they'd stayed with their original positions taken at the start of the bull market instead of hoping to make a franc or two, get out and in again, they'd be better off, and certainly have slept more soundly.
Of course, the way they would have missed the feelings of machismo so loved by traders; to say nothing of the bottles of bubbly. Or should that be Champoo ? Either way, eventually, they get the message: it's bull market, so let's be in for the long-term.
They are then joined, rather later, by the short-sellers for the Dead Cats Bounce Parade: Yes, even they decide this kitty is pretty, and go for a bull-shot. The man-in-the-street, then comes to the same opinion and, trying to avoid being run over by the man on the Clapham omnibus, climbs aboard.
Then the worrying start. Bull markets climb a wall of worry. Why ? That's human nature. Eventually, however, that good ole boy, Ext-rap-o-lation, joins the party, which, he says, will last forever.
_______________________________________________________________________________________________________________________
Sorry if this post bored you to death, I actually enjoyed it and had a good laugh too reading it.
Measure twice, cut once
So I was happy to realize I knew it! LOL! 
