weekend charting 8th jan 2010, page-90

Emanuel,

I have replaced my data with 12 months straight out of the ASX server (just in case the yahoo data was dodgy), and drawn a purple line from the highest top in the last 12 months, and another line from the most recent Sept top across 2 intermediate tops.

Price has not crossed the purple line yet, and I dont think the crossing of the red line is a significant event.

The lower purple line in conjunction with the upper would give you a broad bullish descending wedge, but that's all I can see.

If your drawings work for you, keep doing it, but I dont seem to be able to replicate it. Maybe someone else can see something in it.