Charts Of interest 07/08/2015
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Hi Chris – just a question on the ASX200 chart – why do you draw your blue support line joining the Nov12 and Jun13 lows? To me the support line hitting the Jun12, Dec14 and Jul15 lows would be stronger (ie more significant points hit and almost parallel to the red resistance line). I always seem to draw my lines differently to most professionals and it does my head in. I was just wondering why you chose those points?
Cheers
Drew
They are the points at which my system generated signal failures and the lines are simply extended automatically from there.
Thanks for that Chris