“It’s the Autocorrelation, Stupid”

Forwarded from a friend at AHL comes a nice piece from Newedge: It’s the autocorrelation, stupid (PDF).

---
You might like my 2017 epic release: Trend Following: How to Make a Fortune in Bull, Bear and Black Swan Markets (Fifth Edition). Revised and extended with twice as much content. Out April 24th 2017.