the cirles show importance of the blue support the fan of lines from the high are to indicate the importance of that node we are currently being pushed down by a resistance from that very node (march 2008 one)
the 3 red arrows are interesting as well (the are located above the may june july 2008 spikes. because when we change the chart scale to logaritmic we see: http://rt2.c.prorealtime.com/ProRealTimeNew/tmp/img_12473182888489.gif This is to indicate the importance of a logarithmic chart as well.
also an interesting weekly logarithmic chart http://rt2.c.prorealtime.com/ProRealTimeNew/tmp/img_12473203508936.gif See how we slammed into triple resistance? but ... something interesting here is the yellow 20 MA line I walked the price down for ages. It broke above it onece, and rode it down again. But now it seens the ma is changing direction.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.