Tuesday, October 17, 2006 1:52:06 PM
QQQQ - Tuesday's 5-Minute Chart....
"Monday's 5-Minute Chart shows the QQQQ loitering within and just below Gathering Resistance for most of the day".
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Areas of Gathering Resistance serve as pivotal areas on a chart; they are areas where the price of a rising stock will invariably pause before deciding what direction to take next.
Tuesday's 5-Minute Chart demonstrates how vital it is for traders to know the exact location of areas of Gathering Resistance.
A short position established within Monday's 8-cent area of Gathering Resistance yeided an impressive profit on Tuesday:
"Monday's 5-Minute Chart shows the QQQQ loitering within and just below Gathering Resistance for most of the day".
*********
Areas of Gathering Resistance serve as pivotal areas on a chart; they are areas where the price of a rising stock will invariably pause before deciding what direction to take next.
Tuesday's 5-Minute Chart demonstrates how vital it is for traders to know the exact location of areas of Gathering Resistance.
A short position established within Monday's 8-cent area of Gathering Resistance yeided an impressive profit on Tuesday:
Buy at Support
Sell at Resistance
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