I guess I do not believe that you can have a trend in a retracement. I beleive that if you act as if every retracement is a trend, you will get whipsawed way to often. This is just my opinion of course., i could be wrong. If you visit. Top Dog Trading
The owner of this site states specific rules for when you are in a trend. one of which being the 50 period MA has to be upsloping in an untrend and downward sloping in a downtrend....Any comments?
scott