Coronel-Brizio, H. F.; A. R. Hern\'andez Montoya; H. R … - arXiv.org - 2012
In financial time series there are periods in which the value increases or decreases monotonically. We call those periods elemental trends and study the probability distribution of their duration for the indices DJIA, NASDAQ and IPC. It is found that the trend duration distribution often differs...