Areas of "Gathering Support" and "Gathering Resistance" that apply to the next day's trade are emailed each evening to subscribers to the Support & Resistance Report.

The chart below illustrates the importance of knowing where "Gathering Support" and "Gathering Resistance" are located going into each day's trade

Subscribers received the location of Tuesday's area of "Gathering Support" on Monday evening. They received the location of Wednesday's area of "Gathering Resistance" on Tuesday evening:



The proof is in the pudding. The charts that I post here invariably show how "Gathering Support" has an uncanny ability to catch a falling price and how "Gathering Resistance" has the same ability to stop a rising price.

be, the areas of "Gathering Support" and "Gathering Resistance" that apply to the next day's trade are reserved for subscribers to the "Support & Resistance Report".

I post my charts for two reasons:

1) To illustrate the importance of knowing where "Gathering Support" and "Gathering Resistance" are located going into each day's trade

2) To encourage others to try the Support & Resistance Report that is emailed nightly to subscribers in preparation for the next day's trade.

Subscribers received the location of Tuesday's area of "Gathering Support" on Monday evening. They received the location of Wednesday's area of "Gathering Resistance" on Tuesday evening:



The proof is in the pudding. The charts invariably show how "Gathering Support" has an uncanny ability to catch a falling price and how "Gathering Resistance" has the same ability to stop a rising price.

I hope that you understand.

Thanks for your interest,

Mike

QQQQ - Thursday's Trading Range...

The following 5-Minute Chart displays Thursday's trading range between Tuesday's area of Gathering Support and Wednesday's area of Gathering Resistance


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QQQQ - A Swing Trade Long...

The Support & Resistance Report strategy defines a "Swing" Trade as a trip from "Gathering Support" to "Gathering Resistance" or vise versa.

The following 5-Minute Chart shows how a "Swing Trade Long", opened at Tuesday's area of "Gathering Support" between $36.26 and $36.32 could have been closed anywhere within Wednesday's substantial area of "Gathering Resistance":

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QQQQ - A Swing Trade Long...

The Support & Resistance Report strategy defines a "Swing" Trade as a trip from "Gathering Support" to "Gathering Resistance" or vise versa.

The following 5-Minute Chart shows how a "Swing Trade Long", opened at Tuesday's area of "Gathering Support" between $36.26 and $36.32 could have been closed anywhere within Wednesday's substantial area of "Gathering Resistance":

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QQQQ - A Swing Trade Long...

The Support & Resistance Report strategy defines a "Swing" Trade as a trip from "Gathering Support" to "Gathering Resistance" or vise versa.

The following 5-Minute Chart shows how a "Swing Trade Long", opened at Tuesday's area of "Gathering Support" between $36.26 and $36.32 could have been closed anywhere within Wednesday's substantial area of "Gathering Resistance":

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The QQQQ presented traders on Tuesday with the volatility that customarily follows a 2:15pm interest rate announcement.

The following 5-Minute Chart shows what happened at 2:15pm...first up...then down into Tuesday's area of Gathering Support...then up...then down...and finally, up into the close:

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The QQQQ presented traders on Tuesday with the volatility that customarily follows a 2:15pm interest rate announcement.

The following 5-Minute Chart shows what happened at 2:15pm...first up...then down into Tuesday's area of Gathering Support...then up...then down...and finally, up into the close:

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The QQQQ presented traders on Tuesday with the volatility that customarily follows a 2:15pm interest rate announcement.

The following 5-Minute Chart shows what happened at 2:15pm...first up...then down into Tuesday's area of Gathering Support...then up...then down...and finally, up into the close:

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IMCL Double Play...

The Support & Resistance Report issued the following Buy and Sell Alerts for IMCL going into Thursday's trade:

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IMCL Double Play...

The Support & Resistance Report issued the following Buy and Sell Alerts for IMCL going into Thursday's trade:

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IMCL Double Play...

The Support & Resistance Report issued the following Buy and Sell Alerts for IMCL going into Thursday's trade:

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Hi gloe, Thanks to your posts and those of Nocona, Little Chico and others, I'm using Woodie's CCI patterns in conjuction with my Support & Resistance numbers.

When a CCI Pattern agrees with an area of "Gathering Support" or "Gathering Resistance", it's a confimation that it's time to jump into a trade, either long or short.

When they do not agree, it serves as a caution.

If you want to see something impressive from a longer-term chart, look at the CCI "Ghost" Pattern on the Weekly Chart of RMBS:

http://stockcharts.com/def/servlet/Favorites.CServlet?obj=ID735617&cmd=show[s57481442]&disp=...

AKAM, GLD, PEIX and QCOM...

The Support & Resistance Report issued the following Buy and Sell Alerts going into Thursday's trade:

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AKAM, GLD, PEIX and QCOM...

The Support & Resistance Report issued the following Buy and Sell Alerts going into Thursday's trade:

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AKAM, GLD, PEIX and QCOM...

The Support & Resistance Report issued the following Buy and Sell Alerts going into Thursday's trade:

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QQQQ - Thursday's 5-Minute Chart

The 'Support & Resistance Report' identifies areas of Gathering Support (Buy Triggers) and Gathering Resistance (Sell Triggers) for each day's trade.

The following 5-Minute Chart shows how the QQQQ rose to the upper end of Thursday's wider than usual area of "Gathering Resistance" before pulling back to close slightly below it:

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QQQQ - Thursday's 5-Minute Chart

The 'Support & Resistance Report' identifies areas of Gathering Support (Buy Triggers) and Gathering Resistance (Sell Triggers) for each day's trade.

The following 5-Minute Chart shows how the QQQQ rose to the upper end of Thursday's wider than usual area of "Gathering Resistance" before pulling back to close slightly below it:

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QQQQ - Thursday's 5-Minute Chart

The 'Support & Resistance Report' identifies areas of Gathering Support (Buy Triggers) and Gathering Resistance (Sell Triggers) for each day's trade.

The following 5-Minute Chart shows how the QQQQ rose to the upper end of Thursday's wider than usual area of "Gathering Resistance" before pulling back to close slightly below it:

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QQQQ - Wednesday's 5-Minute Chart

The 'Support & Resistance Report' identifies areas of Gathering Support (Buy Triggers) and Gathering Resistance (Sell Triggers) for each day's trade.

The following 5-Minute Chart shows how the QQQQ rose to the upper end of Wednesday's wider than usual area of "Gathering Resistance" before pulling back to close slightly below it:

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QQQQ - Wednesday's 5-Minute Chart

The 'Support & Resistance Report' identifies areas of Gathering Support (Buy Triggers) and Gathering Resistance (Sell Triggers) for each day's trade.

The following 5-Minute Chart shows how the QQQQ rose to the upper end of Wednesday's wider than usual area of "Gathering Resistance" before pulling back to close slightly below it:

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QQQQ - Wednesday's 5-Minute Chart

The 'Support & Resistance Report' identifies areas of Gathering Support (Buy Triggers) and Gathering Resistance (Sell Triggers) for each day's trade.

The following 5-Minute Chart shows how the QQQQ rose to the upper end of Wednesday's wider than usual area of "Gathering Resistance" before pulling back to close slightly below it:

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PEIX - Tuesday's 5-Minute Chart

The 'Support & Resistance Report' identifies areas of Gathering Support (Buy Triggers) and Gathering Resistance (Sell Triggers) for each day's trade.

The following 5-Minute Chart shows how PEIX pulled back from Tuesday's area of "Gathering Resistance":

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PEIX - Tuesday's 5-Minute Chart

The 'Support & Resistance Report' identifies areas of Gathering Support (Buy Triggers) and Gathering Resistance (Sell Triggers) for each day's trade.

The following 5-Minute Chart shows how PEIX pulled back from Tuesday's area of "Gathering Resistance":

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Support & Resistance Report...

For a complimentary copy of the "Support & Resistance Report" that was emailed to subscribers last night in preparation for Tuesday's trade, send your request to JMWinfree02@comcast.net

The spreadsheet portion of the report requires that you have "Excel for Windows" on your PC. If you do not, you may download a free copy of the "Excel Viewer" at the following Microsoft web site:

http://www.microsoft.com/downloads/details.aspx?FamilyID=c8378bf4-996c-4569-b547-75edbd03aaf0&Di...

Mike Winfree

paulkar,

You are correct. I use StockCharts.com. Here is a link to my Public Charts:

http://stockcharts.com/def/servlet/Favorites.CServlet?obj=ID735617

QQQQ - Monday's area of "Gathering Resistance":

When one area of "Gathering Resistance" gets captured by a rising price, there is always another area of "Gathering Resistance" to look too:

The 'Support & Resistance Report' identifies areas of Gathering Support (Buy Triggers) and Gathering Resistance (Sell Triggers) for each day's trade.

The following 5-Minute Chart shows how the QQQQ pulled back from its initial approach to Monday's area of "Gathering Resistance" between $37.28 and $37.34:

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FAQ: http://support-resistance-report.com/FAQ.html

QQQQ - Friday's 5-Minute Chart

The 'Support & Resistance Report' identifies areas of Gathering Support (Buy Triggers) and Gathering Resistance (Sell Triggers) for each day's trade.

The following 5-Minute Chart shows how the QQQQ pulled back from its initial approach to Friday's area of "Gathering Resistance" and then climbed back to challenge it again into the close:

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QQQQ - Friday's 5-Minute Chart

The 'Support & Resistance Report' identifies areas of Gathering Support (Buy Triggers) and Gathering Resistance (Sell Triggers) for each day's trade.

The following 5-Minute Chart shows how the QQQQ pulled back from its initial approach to Friday's area of "Gathering Resistance" and then climbed back to challenge it again into the close:

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QQQQ - Friday's 5-Minute Chart

The 'Support & Resistance Report' identifies areas of Gathering Support (Buy Triggers) and Gathering Resistance (Sell Triggers) for each day's trade.

The following 5-Minute Chart shows how the QQQQ pulled back from its initial approach to Friday's area of "Gathering Resistance" and then climbed back to challenge it again into the close:
http://support-resistance-report.com/Chart5Min25QQQQb.PNG

Friday's 5-Minute Chart:

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QQQQ - Lessons from a 5-Minute Chart

The 'Support & Resistance Report' identifies areas of Gathering Support (Buy Triggers) and Gathering Resistance (Sell Triggers) for each day's trade as illustrated in the chart below.

Wednesday's 5-Minute Chart:

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QQQQ - Lessons from a 5-Minute Chart

The 'Support & Resistance Report' identifies areas of Gathering Support (Buy Triggers) and Gathering Resistance (Sell Triggers) for each day's trade as illustrated in the chart below.

Wednesday's 5-Minute Chart:

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QQQQ - Lessons from a 5-Minute Chart

The 'Support & Resistance Report' identifies areas of Gathering Support (Buy Triggers) and Gathering Resistance (Sell Triggers) for each day's trade as illustrated in the chart below.

Wenesday's 5-Minute Chart:

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Gleno,

$36.50 is Resistance at the July 2005 Low. So, it would be "natural" for the QQQQ to struggle a little at that line.

$36.50, however, is not a member of Tuesday's area of "Gathering Resistance" which is a little higher than $36.50.

Correction To Last Post...

Tuesday's area of "Gathering Resistance" for the QQQQ referred to in the last post is composed of 4 individual aspects of Resistance that reside within an 8 cent range, not a 5 cent range as previously stated. 8 cents is still a very small range for 4 aspects of Resistance to "gather" into.

In addition, the area of Resistance described above is Tuesday's second area of "Gathering Resistance".

The first area of "Gathering Resistance" going into Tuesday's trade is composed of 3 individual aspects of Resistance that reside within a 10 cent range.

I will post the 5-Minute Chart of the QQQQ this evening so that we can see how the QQQQ behaved at Tuesday's two areas of "Gathering Resistance", that is, if the QQQQ is able to rise to either of them today. If not, the "Support & Resistance Report" has also identified an area of "Gathering Support" going into Tuesday's trade.

Gleno, the "Support & Resistance Report"...

has identified a 4-member area of "Gathering Resistance" going into Tuesday's trade.

The area is referred to as a "gathering" of Resistance because all 4 of the individual aspects of Resistance that compose it reside within a 5 cent range.

That's a lot of Resistance packed into a very small space.

Tuesday's area of "Gathering Resistance", therefore, represents a good place to close a long position and to venture a short position.

QQQQ - Lessons from a 5-Minute Chart

The 'Support & Resistance Report' identifies areas of Gathering Support (Buy Triggers) and Gathering Resistance (Sell Triggers) for each day's trade as illustrated in the chart below.

Monday's 5-Minute Chart:

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QQQQ - Lessons from a 5-Minute Chart

The 'Support & Resistance Report' identifies areas of Gathering Support (Buy Triggers) and Gathering Resistance (Sell Triggers) for each day's trade as illustrated in the chart below.

Monday's 5-Minute Chart:

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QQQQ - Lessons from a 5-Minute Chart

The 'Support & Resistance Report' identifies areas of Gathering Support (Buy Triggers) and Gathering Resistance (Sell Triggers) for each day's trade as illustrated in the chart below.

Monday's 5-Minute Chart:

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QQQQ - Lessons from 5-Minute Charts

The 'Support & Resistance Report' identifies areas of Gathering Support (Buy Triggers) and Gathering Resistance (Sell Triggers) for each day's trade as illustrated in the charts below.

Tuesday's 5-Minute Chart:

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Thursday's 5-Minute Chart:




Friday's 5-Minute Chart: