A trendline represents the psychology of the market, specifically, the psychol-ogy between the bulls and the bears.
If the trendline slopes upward, the bulls are in control.
If the trendline slopes downward, the bears are in control.
Moreover, the actual angle or slope of a trendline can determine whether or not the market is extremely optimistic, or extremely pessimistic
Dow Jones Trend From: 9/23 - 12/11/2009
If the trendline slopes upward, the bulls are in control.
If the trendline slopes downward, the bears are in control.
Moreover, the actual angle or slope of a trendline can determine whether or not the market is extremely optimistic, or extremely pessimistic
Dow Jones Trend
Dow Jones Trend From: 9/23 - 12/11/2009
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