Given its undeniable importance to all traders, and its use in most of today's trading tools and systems, understanding the technical concept known as the "trend" is critical to your success?whether you're trading soybean futures in Chicago or a solar energy company in China.

Significant money can be made by following the right trends, and now, in Trend Qualification and Trading, market technician L.A. Little explains how to identify and qualify these trends to determine the likelihood that they will continue and produce better trading results.

By combining price, volume, time frames, and the relationship between the general market, sectors, and individual stocks, Little shows how to measure the strength of trends. Most importantly, he demonstrates how to determine if a trend has what it takes to develop into a major move with greater profit potential.

Divided into two comprehensive parts, this reliable resource focuses on a redefinition of trend through qualification, explores the implications of trend qualification, and examines the practical applications that flow from it. Page by page, it examines the classical trend model as well as a proposed neoclassical model?which provides the theoretical foundation for both the identification and qualification of trends?and then takes that theory and shows you how it relates to the technical decisions of successfully entering and exiting trades.

With qualified trends, a new age of technical analysis has been ushered into the trading consciousness. These trends are apparent in every stock, commodity, and financial trading instrument and have the potential to lead traders down a more profitable path. With this book as your guide, you'll gain a firm understanding of this innovative idea and discover how to incorporate it into your everyday trading endeavors.

So, throw out all those derivative indicators! With trend qualification, swing points, and anchored support and resistance, you can become a consistently profitable trader.