The sheer preponderance of technical analysis tools can generate enough information to overwhelm an investor. An old colleague of mine habitually perused so many different indicators before making a trade that he would get analysis paralysis. He looked at too much information and wanted everything to line up perfectly. If it didn’t, he would not make the trade. Sometimes, he had so much information that he just froze. Contrarily, I try to rely on a few indicators that I’m comfortable with and that produce good results for me. One particular pattern that I use are trend channels. Trend channels...