On Investors.com IBDLive, Chris Gessel often uses @thinkorswim to highlight technical action. Chris has been using a regression line that is discussed by Mike Webster on his Weekly Stock Market Update.
I’ve created a similar configuration that I thought others might find helpful. The image below shows the configuration that I describe in the steps that follow. Notice how the highs and lows of the Nasdaq Composite have held within the half standard deviations.Continue reading