Trendlines in the DJIA: What Can We Learn About Market Structure?
A quick lesson on trendlines and what they can tell us about market dynamics. Take a look at a fairly long-term chart of the Dow Jones Industrial Average (below) with…
Trendlines 101
I thought it might be useful, since most markets are about as exciting as drying paint right now, to take a few steps back and consider some basic tools that…
The power of the channel
Trendlines are useful. For the uninitiated, it may seem odd to draw lines on charts and to expect them to work, but what we are actually doing here is to…