The DaveMo stock trading system was developed on the theory that stock prices move in trends and that trends persist. This is simple inertia or momentum. A stock trend will continue for a while and eventually end. Then a new trend begins. Market action is repetitive and market history based on technical analysis can be used to predict near term future stock movement.
Trends also tend to repeat themselves.
This is a general statement,not an absolute statement. However, many stocks tend to conform to predictable performance trends. Awareness of these trends stack the odds ofknowing the near term future movements of particular stocks in our favor. The purpose of the DaveMo Stock Trading System is to provide a moderately accurate predictive list of stocks to be traded, either long or short, in intra day activity seeking to capitalize on recognized trends. In other words, Day Trading with an Edge .