Post 002: First Sample Chart TW Channels on JBSS

This Daily chart of Sanfilippo (JBSS) was one that turned-up in an Exploration report. The Exploration was one I wrote in 1993 to help me find trading opportunities using the ERRC, so I thought it might be an appropriate one to begin my reader's education. I've placed a number of TeamWork Channels in it. I'll show you the details of the ERRC that each TW Channel used later on.



This is a chart that ends on 3/11/2004. The above view permits a more overall view of some of the major trends and how the TW Channels track them, showing Support and Resistance at critical points. A closer look below shows a better view of this Support and Resistance.



I will post more images of this same chart, showing what happened after 3/11/2004, the last date in the chart above. You'll be surprised to see that these TW Channels, which were drawn on trends way back in the past, continue to effectively chart Support and Resistance points in the prices well into the future.

The chart below ends at 06/24/2004. I've changed the color of the main downtrending TW Channel, but you can see that then end of the chart above is on the left side of this chart. Note how the prices try to break out of the slight uptrend, fail, and gap down. Note all the points where the lines are charting Support and Resistance. The prices have broken decisively out of the downtrend near the bottom-right of the chart.



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