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Mr Nasdaq

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Mr Nasdaq

Re: farooq post# 261

Wednesday, 01/17/2007 8:40:13 PM

Wednesday, January 17, 2007 8:40:13 PM

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Farooq,

A Support & Resistance Report alert is based on either an area of concentrated Support (Buy Alert) or concentrated Resistance (Sell Alert). It, therefore, invariably represents a pivotal area on a chart.

There are often times when an area of concentrated Support eventually fails. In those cases, however, because it represetns a pivotal area on the chart, failed Support becomes a sell signal.

Buy at Support

Sell at Resistance

*
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