How To Read Channels

blue line is 1929/87 highs and bottom line is 1932/75 lows, channel highs and lows at present are around 850 and 590, the 2 humps are the dot com and real estate bubble, the last rally above this channel was the short lived tarp rally,without another bubble in the US, the 500 stocks in the sp 500 should fall into that channel
 

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Quote from elovemer:

this is not a channel

this is a trend line

what a shame that no one has the courage to post any of their own channels
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As the years pile up in trading I have come to realize how rare it is for 2 traders to be on the same page regarding a working given method. This probably accounts for the low responses. I have the same problem in a small chat I frequent. :) (jk)
 
..... don't worry I have a "limit said" folder saved on my computer from the old chat room.... (nk)

.... if you are lucky i might share it with you sometime.... :0)
Quote from limit:
I have the same problem in a small chat I frequent. :) (jk)
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.... here is a close up ....
... that last blue one was too small to see on that last snap shot.....

.... it shows the failure on the bigger red channel .... and then the failure on the smaller blue one.....
.... although the second failure is still a bit undecided....
Quote from elovemer:
bb
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