Sunday, October 10, 2010

EKC Views!!!

2 comments:

shiachin said...

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

Tryin2Trade said...

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!!!