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Re: cintrix post# 52

Friday, 01/16/2004 10:14:01 AM

Friday, January 16, 2004 10:14:01 AM

Post# of 80
Watching stocks trade during the day offers a little knowledge of the stocks tradeing habits and gives the trader a sense of direction that no chart indicator can replicate, sort of a sixth sense if you will. When a stock is riding the upper bollinger band it will need a strong buying period to break through the band, which is a level of resistance. Once it does go above the band then that previous resistance becomes a support level and can be used as either a mental of physical stop loss order. All chart indicators are lagging as they are all composed of historical data.

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