You know about support and resistance; but do you know that one man’s support is another man’s resistance?

ETX Capital sent me an email announcing that their own Trade Through Charts facility would be operational from Monday 16 January. In case you hadn’t noticed, that was today!

For someone who spreads bets, I’m not as much into technical analysis as you might think. Don’t get me wrong, I do think that it’s almost all about the price, but I think there is danger in spotting chart patterns where they really don’t exist; or where they do exist but they don’t foretell what they are meant to foretell.