Do Trendlines work?

Looks like a PV Div and price is stalling at the supply side of the channel. Expect a traverse to the demand side of the channel.


<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=756202>
 

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Channel has gone flat. Sideline may be indicated here with reentry on Channel Breakout with VBO.


<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=756262>
 

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Flatlined and VDU. Sideline and wait for breakout with VBO indicated imho.




<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=756323>
 

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Quote from culion:

How do you explain trendlines that extend over decades? Surely, not news, etc. I suspect they reflect normal growth/decline behavior.
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Very simple. If you could explain, you won't need trendlines any longer.
 
This is about the right time of day to start watching for the PM breakout.



<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=756384>
 

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Quote from ETLURKER:

Flatlined and VDU. Sideline and wait for breakout with VBO indicated imho.




<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=756323>
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that is all so cool and right on
 
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