What seems like ages ago but in reality was just the beginning of this year… life was simple. The market was humming along, unemployment was at record lows, inflation was moderate and life was good. And now just a few months later, there are riots in the streets, unemployment is at record highs, and people are filling up the hospital’s ICUs.
Over the years, we have experienced many ups and downs but rarely in such close succession. But our first line of defense is always the “trendline” (no pun intended). A trendline can tell you both the market direction and its parameters. And if you have read much of what we do, both here and at Financial Trend Forecaster you will know that understanding the trend and using trendlines is a key part of our function.
