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Duncan, The two white lines don't have origins shown in red circles. In addition, I wouldn't allow the large overshoots (blue circles) while drawing the lines. I like very sharp drawn lines with no or very small overshoots. That's why I didn't see any resistance from 1999 and 2007 tops. But my FTSE chart today has the 1999 top as a resistance.
http://tinypic.com/view.php?pic=2zow4z4&s=5#.Um1yi6OnzFp
ReplyDeleteWould welcome your comments
Would welcome your thoughts on my ftse analysis
Duncan,
ReplyDeleteThe two white lines don't have origins shown in red circles. In addition, I wouldn't allow the large overshoots (blue circles) while drawing the lines. I like very sharp drawn lines with no or very small overshoots. That's why I didn't see any resistance from 1999 and 2007 tops. But my FTSE chart today has the 1999 top as a resistance.