[this message comes from Tony S, a Member in the UK – Alex]

As part of my planning process I occasionally look at the Monthly charts for the companies I follow. The one think that struck me was how many companies have reached what I think is a long term support resistance.

Do these companies go for the sky or head for the floor. Almost all of these companies are in uptrends and so until proven otherwise you would have to say that these companies are about to take a major jump up.

ANF – there has been one failed test of the resistance and 45 is still holding

AET – the 32 level is holding for the past 2 years and every break fails

BA – Boeing has broken the 70 level but will it now rise to 100 or fail again at this level and fall back to 60?

DE -will