This is intended to be a forum for me to post chart ideas and hopefully receive feedback and stimulate discussion.It is not intended to constitute investment advice.
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It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning. Henry Ford
Those who surrender freedom for security will not have, nor do they deserve, either one. Benjamin Franklin
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The idea that you know what is true is dangerous, for it keeps you imprisoned in the mind. It is when you do not know, that you are free to investigate. ~ Nisargadatta Maharaj
Sunday, 9 May 2010
100% of the range as resistance
Here are 2 very disparate stocks,Apple and Templeton Emerging mkts investment trust,that have both been fabulous performers,both showing the importance of 100% of the previous range as a strong resistance level,as stressed both by Gann and Frank Tubbs.In this case I have used multi-year ranges,but the market's "memory" is such that they are still respected ...awesome !
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