The Canadian Stock channel (BNN) used to have a morning guy that had a great quote.
"A five year old with ruler can do this!" So why is it so hard?
Well, here's a chart the 5 year old would have done very well with.
The bottom line seems to be, when the trend line breaks, I should open or close my trade. Well this is the global picture. It helps you see the big picture.
It has hugged the line for a while now. I'll be respecting the breakout or continued support. We seem to be at the decision point.
Greg Schnell, CMT