Trends, from Jim Sogi
This winter it didn't rain here for nearly four months or more. Everything was dry, crispy brown. About a week ago it started to rain, and its rained almost everyday. Surprising how a big complex system such as weather can run such a long trend of just one pattern with almost no variation. Even random samples with a small drift can make very long runs. Same thing happened this spring in the market, a four month trend with pretty much the same thing everyday. Then all of sudden it changed as well. It's interesting how trends can just turn all of a sudden.