ozEvenstar, I'm pretty confident in my ability to place lines from one point to another on a graph. When I create a trendline I include the top price as my starting point and then create the next touch on the next highest price, rather than what Birmingham has done. Think what you will of his chart but we have a different methodolgy of creating trendlines it seems. Thread on the initial trendline is here
http://hotcopper.com.au/post_threadview.asp?fid=1&tid=1572819&msgno=7275464#7275464. No plans on redrawing as it reflects the downtrend resistance accurately IMHO.
chart, page-5
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