From "New Concepts in Technical Trading Systems"
..."Most technical systems are trend-following systems: however, most commodities are in a good trending mode (high directional movement) only about 30% of the time. If the trader follows the same commodities or stocks all of the time, then his system has to be good enough to make more money 30% of the time than it will give back 70% of the time. Compare that approach to trading only the top five or six commodities on the CSI scale. This is the underlying concept...the reason this book was written."
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