Have a look at this trend channel on the Nazz, coming to us via Chart of the Day; Note that the trend dates back to the pre-election low in August 2004:
Whenever a trend line or support gets broken, experience teaches us that there is a very short window for trading to get back over that prior support.
Note this trend line break is NOT what I have previously referred to as a Wyckoff Spring — which is a test of support at a low, and not a trendline in a channel . . .
Please use the comments to demonstrate your own ignorance, unfamiliarity with empirical data and lack of respect for scientific knowledge. Be sure to create straw men and argue against things I have neither said nor implied. If you could repeat previously discredited memes or steer the conversation into irrelevant, off topic discussions, it would be appreciated. Lastly, kindly forgo all civility in your discourse . . . you are, after all, anonymous.