Monday, January 15, 2007 9:31:31 PM
QQQQ - Support & Resistance Areas...
Consistently Successful Traders ...
... buy at areas of Gathering Support (the purple areas below the previous day's closing price)
... and sell at areas of Gathering Resistance (the purple areas above the previous day's closing price)
... Knowing where these areas are located helps them to determine when to buy and when to sell.
The following Support & Resistance Report for the QQQQ applies to Tuesday's trade (01/16/07).
The previous day's Closing Price of $45.31 is labeled "CL"):
Consistently Successful Traders ...
... buy at areas of Gathering Support (the purple areas below the previous day's closing price)
... and sell at areas of Gathering Resistance (the purple areas above the previous day's closing price)
... Knowing where these areas are located helps them to determine when to buy and when to sell.
The following Support & Resistance Report for the QQQQ applies to Tuesday's trade (01/16/07).
The previous day's Closing Price of $45.31 is labeled "CL"):
Buy at Support
Sell at Resistance
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