Ann: Export Coal Sales - December Quarter Update, page-103

re: Ann: Export Coal Sales - December Quarte... Hi Champ

I agree that 7.2 - 7.3c is definitely resistance, what we want to see is it break through that and then come back to test it and that would be a good safe entry. Sure you might give away a few bits of a cent but you'll have a high probability that you'll be on the right side of the trade then.

Regarding your trendlines, well they can only approximate the action really and like you said open to different interpretation. I generally try to run mine through the closes which actually gives you the same line as the line chart. Like I said though they really are a loose guide, price will generally hover above or below them nothing ever works out perfectly. That would make it all too easy and we'd all be millionaires eh? LOL

Well I'm off, a Happy and safe Xmas and New year to all holders and here's to a prosperous 2011!

Cheers