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TraderGash

03/12/14 12:59 PM

#3022 RE: GKG #3019

Trend depends on the timeframe of the chart are looking at, and the specific algorithm you use to determine trend.
I look at the daily charts, and the closing price.
For me, a close today below the lows of the last four days of consolidation would signal a trend change, as would an inter day extended move below $7.
For other traders using tight trend lines the uptrend was broken earlier today.