Trend following realized by ProQuest


The second part of a series on trend following is presented. In addition to the work of Edwards, Magee, Livermore and others, the 1930s and 1940s saw several other advances relating to the theory and evidence for trend following. The individual who finally made the connection was William Dunnigan, a trader, technical analyst, and writer who ran a business cycle forecasting company. Dunnigan is perhaps best known today for his thrust methodologies and one-way system; but his over-all market perceptions were broad and deep. He had a knack for verbal innovation, including the invention of terms such as trap forecasting and continuous forecasting, used to distinguish between those trades designed to capture quick profits and those with an indefinite duration whose exit levels were determined on a day-to-day basis, depending on market action.

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