Do Trendlines work?

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this was earlier today, no trendlines just the fibs
 
Quote from joepepper2001:

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3 year chart of bsc it will be back to 120.00 area before the options expire, even if they rip it down to 98.00 and make a hammer candle they will not let those puts be worth anything

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Quote from duard:

That is why I believe trendlines work.

Any thoughts or research to support or refute this simplistic view of trendlines is welcomed.


D.

no, only work 50% of time.
 
Rather than the usual parade of anecdotal mis-information, serious market students interested in geometric structures in financial markets might consider the rich literature available on trendlines and their subsets.

Here's a sampler:

1. "Methods of a Wall Street Master" by
Victor Sperandeo a/k/a Trader Vic

2. http://www.trading-naked.com/
alan_andrews_course_1.htm

3. "Trading With Medianlines" by Tim
Morge

4. Techniques of a Professional Commodity Chart Analyst - Arthur Sklarew

5. "Channel Surfing, Riding the Waves of Channels to Profitable Trading" by
Michael J. Parsons

6. http://www.techedgetrading.com/
 

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