Smbi,
Very good post. I had my trendline positioned lower, hence the break. But even your chart shows the same overall result. I don't use pitchforks?, only simple trendlines etc. Keep up with the charts, its a very good visual on what has really happened.Whether some long term holders like it or not, there is an army who do trade via this method & it can't be ignored. Combining fundamentals with technicals certainly improves the overall result.
Only recently used more charting tools, thanks to a brilliant charting package, I have purchased.
Perhaps you could post the DJIA & SPX to show what is happening in US & may be XAO & XJO for Australia.
Regards
Buffett
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