Friday, March 27, 2009

Trendlines work for a reason

There is a reason that trendlines work...mainly...they represent what is REALLY HAPPENING. They represent prices where people are willing to buy and sell. Below is a continuation of the same chart that I posted the other day...trend lines work, and the longer the period of time, the better they work.



It doesn't matter what the news sites are saying i.e. "the dollar is dead." or "there is a good chance that the ECB may not have to do any quantitative easing"....Trade Triangles are perfect for establishing trend, and then using Trendlines, Fibonnacci, and MACD's complete the arsenal!


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