Written by:
Patrick Mikula CTA
Mikula Forecasting Company
www.MikulaForecasting.com
support@MikulaForecasting.com
Copyright © 2008 by Patrick Mikula All Rights Reserved.
Here I am going to discuss using planet lines for support and resistance. The first chart below shows cotton futures. The planet lines drawn on this chart are geocentric Venus lines. I have added the numbers 1, 2, 3, 4, 5 and 6 to identify where the cotton market made a change in trend (CIT) on a Venus line. This shows that over five months, there were six times when a CIT that occurred on a Venus line.
Cotton and Planet Lines
The next chart shows the Swiss Franc futures contract. The planet lines drawn on this chart are Mars lines. On the chart below 1, 3 and 4 shows where a change in trend (CIT) occurred on a Mars line. The number 2 shows where the Swiss Franc found a support price level on the Mars line. This shows the Swiss Franc found a CIT or support price level, on a Mars line, four times in the past four months.
Swiss Franc and Mars Lines
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