Hi Gav, yours is the same dilema as that which faces us all. So a stock is trending up, and Im about to buy, will it keep going up? I think that there is no such thing as a trend, except in hindsight, you can say one happened (past tense). Murphys law ' as soon as I buy, the trend will stop and reverse". So many poeple ask 'what is the definition of a confirmed trend.' I think thats a really stoopid question.Of course you and I are a bit wiser, but you hear it soooo often.
For the Talib Nassim fan, check out our thread on covered calls where we have been discussing him and Niederhoffer.
