Do markets move in trends – I find it baffling and fascinating that this question is still even debated, but there are individuals – usually in the academia – who, in all seriousness, will maintain that price fluctuations are random, and that we essentially hallucinate trends. I’ve tackled the issue in some detail in my, any-day-now-to-be-published book, but perhaps a few charts could help settle the issue:

Is it obvious as it appears, or is it a hallucination as some are convinced? What do you think?

Alex Krainer is an author and hedge fund manager based in Monaco. Recently he has published the book “Mastering Uncertainty in Commodities Trading“.