Trendlines are very useful tools, but very misunderstood, as to how to draw them, use them, interpret them,and most importantly how to implement them. Trendlines are not effective timing tools, but they are very effective in keeping us focused on what is the overall trend of the market. (Continued for subscribers.)
Using Trendlines in the Real World
Trendlines when used in a conventional manner are horrible timing tools. But used in the following manner are very good for timing/trigger points. ...