I agree about the enormous value and clarity of trendlines in
retrospect. But, in real time, it is often very difficult to
decide on what counts as a point in a trendline. Much better,
in my opinion, is looking for higher highs and lows or the inverse.
That technique has its messes too, but at least there is
something objective about higher highs etc.
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I agree about the enormous
Technical Analysis - RSI
Posted by algyros on 19th of Aug 2010 at 09:28 am
I agree about the enormous value and clarity of trendlines in retrospect. But, in real time, it is often very difficult to decide on what counts as a point in a trendline. Much better, in my opinion, is looking for higher highs and lows or the inverse. That technique has its messes too, but at least there is something objective about higher highs etc.