horizontal channels

Discussion in 'Technical Analysis' started by coolweb, May 24, 2007.

  1. Check this out

    I've been having good success with this , where it tells me where we are , as in in the bottom of the channel or the top.

    * note this is not the only thing I use to trade, but it supplements as a percent indicator or a MPH speedometer ,

    20% out of 100% in the rally, 80% to go
    or 75% out of 100% ,25% to go, low profit margin.

    I don't use slanted channels .... cause its hard to draw..

    Anybody else use something similar to this?

    Would like some thoughts on this, feedback :)