ctp chart, page-3

what it tells me ...

It tells me there was a break above a line drawn from previous highs over the last 6 months

This is a trend line was determined probably by computer modelling set up by the companies brokers or major shareholders 12 months ago.

It is not a coincidence that the sp broke above this line.

Markets are determined in the boardroom ...so any break above a trendline is significant.The longer the trend the more significant.

Computers dont have rational thought they only do whats programmed into them.

So I wait for a break of a trend line that is long in the making eg 6 months or so.

Buy the break ie 9.8c

Sell at a reasonable profit ie 14c

then go play golf

in Noosa

I am not a good golfer.

but it was a good chart and i wanted to share it....good luck.