Chad left the following comment on my earlier post about drawing trendlines:

I’m somewhat confused with your chart and I’m wondering if you can help me understand your methodology better. With that chart, why wouldn’t the trendline be drawn from your start point, to the dip that occurred back at the end of November? [...]

Technicator.net has a post which makes the case that the major indices are still technically healthy. The article has charts of the indices which support the author’s claim but I have a serious issue with the S&P 500 chart. Specifically I have an issue with the way that the current trendline is drawn. [...]