Sunday, October 10, 2010

EKC Views!!!

I'm reading: EKC Views!!!Tweet this! Posted by Trade Less Trade Smart at 10:03:00 PM

2 comments:

  1. Achin JainOctober 12, 2010 at 10:37 PM

    Isn't trendline wrong.. it is not touching the tops made in July month.

    Also on weekly charts it is making lower highs and lower lows

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  2. Tryin2TradeOctober 13, 2010 at 5:53 PM

    Achin Hi

    Trendlines are not perfect tools...like all things we make some assumptions....some like to draw TL's on closing prices..

    This particular TL you are talking about(marked 1); see it carefully it was initially made by connecting two peaks and then I had just extended it to the right...

    Yes if one wanted to draw a short term TL...one could have drawn from july peaks...

    Hope it helps...

    cheers!!!

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