[badcharts]

Hi red barron,

Can you attach a jpg with how you drew the line?

Regards,
Patrick[/b]

On a weekly chart, after going up for several weeks, a stock reaches a peak. The next week's high reaches that same peak level. The following week, the stock pulls back. Could you draw a line of resistance connecting the two consecutive weeks that had the same high?

This scenario is illustrated, though not exactly, on the weekly chart for DJI if you look at the weeks of Jan 22 and Jan 29. I use ProRealTime for charting. I identify lines of resistance and support by focusing on the highs and lows of candles. Isatrader prefers to focus on the closing price for some reason.

[b]