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friniteshopper

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friniteshopper

Re: simplegreen post# 10290

Tuesday, 11/13/2007 10:27:37 PM

Tuesday, November 13, 2007 10:27:37 PM

Post# of 140146
So in laymans terms: If a stock is above the Moving Average, then it should bounce off the MA(Support area). If it is below the MA, then it will bounce back down when it hits the MA (Resistance Area). If it breaks through the support, then it will trend down, then it will be under the resistance. If it breaks through the resistance, then it will trend up over the support. How does that sound? Thanks
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