Trend and Tells – Monday 13 Dec 2010 (8:26)
“In poker, a TELL is a subtle but detectable change in a player’s behavior or demeanor that gives clues to that player’s assessment of his hand.” (Wikipedia)
You also get TELLS in the market. These TELLS give you subtle clues about the market’s direction – are we moving into an uptrend or downtrend – and TELLS start to show at the beginning of a move, well before any moving average has started to turn.
Another great example from Tuesday 25 January 2011. Look how the Amateurs continually get wrong-footed …