Take what is given and ride the bucking bronco of a trend up or down. This is the thinking needed to find a target of opportunity. Trend Follower View of World Unstable world. World is uncertain and dynamic. Market players form rational beliefs but make mistakes.
Fundamental changes are often unanticipated.
Non-Trend Follower View of World Stable world. World is knowable and static. Market players generally form rational expectations. Markets adjust quickly to new information. Fundamentals do not change dramatically in the short run.