ARTICLE SYNOPSIS ...This charting technique is a simple but effective technique for determining the direction of the trend as well as changes in the trend. With volatility in the stock market increasing, many new and elaborate methods have been developed to predict market turns. This poses a problem: Indicators of complex construction may work or they may not, for no apparent reason. So finding system components that follow the keep-it-simple approach may seem unfashionable, but in reality it is a survival technique. In fact, older and simpler indicators have withstood the test of time for good reason. One class...