Welcome to Channellines!

Channel lines started as a pure technical analysis site based off traditional technical analysis of trendlines and their paired parallels. All technical analysis patterns and principals are based off channels (inclining and declining trading ranges) and their interaction with other channels of different slope or time frame.

I took it one step further. The "why" behind technical analysis! Why does it work, why does it not work? Is there a better way to play the markets and be more consistantly correct and profitable? There sure is. All based off the principal of providing liquidity, or taking the "other" side of the trade.

This site is now taking a different direction, we (my trading partner(s)) and I, are using this site more as a trading journal. We will list our positions, in part, and discuss various topics and thoughts throughout the trading day. I encourage the learning process, not relying on a crutch to help you with your trading. The primary purpose of the blog will be just a place for us to write down ideas and thoughts, not to educate (although we will, some), not to assist in your acquirment of monetary gain, but a place to interact with other market participants. My name is George Swanson, also know as Winace. My trading partners/account owners are present, I will allow them to present themselves and reveal whatever of their identity they are comfortable with. Enjoy the trading day, I wish you the best in your market journey.


Monday, December 8, 2008

Todays close

I am reading everywhere, everyone is shorting the close or expecting a fall here. There are a few securities which I would be willing to short, but the ETFs themselves are remaining neutral without bias. AMX and a few other hand selected securities I reviewed have commited to a 6% decline, if they rise further, the decline will be greater. All in all, being in cash at the moment seems to be the wiser decision, or low delta'd smaller trades for larger percentage gains, like the AMX play I mentioned. Have a good night, I'll see you in the AM!

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