Charting The Market by David Penn
First job… first car… first love… There is always something to be said for what comes first. Even if your first job was as stimulating as manual labor on a Virginia plantation, your first car an always-broken-down clunker, and your first love a raving lunatic, it’s still hard to forget the first. When it comes to technical tools and indicators, trendlines were “the first” technical tool for a sizable number of budding technical analysts. In fact, I suspect that most technicians can remember the first time they ever
pulled up a price chart of some stock or commodity and drew their first trendline. How easy it all seemed then!