Define The Trend and Trade The Trend

[TREND1]

page 25 Traders have a much better chance of making money by betting on the trend continuations instead of trend reversals.
This is the essence of trend following.
.................................................................
page 29 Though certainly not perfect, peak and trough analysis is often superior to moving average analysis for trend identification.
..............................................
page 31 How do we know when the trend has actually reversed ?
First sign of weakness is when the prices fail to exceed their prior peak.
A lower peak and a lower trough signals a down trend may have started.
..............................................................
page 34 Dow theory asserts that neither the length nor the duration of a trend can be predicted.
In other words, chartists do not know if an up trend will produce a 30% or a 130% advance.
...........................................................
pages 44-47 Rectangle BOTTOM
pages 77-80 Rectangle TOPS
...........................................................
page 159
Estimating Reversal Zones
(1) Dow Theory asserts that secondary moves retrace 33% to 66%
(2) Chartist can use Fib Retracement of 38.2% to 61.8%