Friday, March 06, 2009 10:23:28 PM
next I look at the tangle of moving averages-ridiculous, I know. the longer time frame of the MA the stronger resistance or support it will be. so the 64 DMA is stronger support that the 50 although the 50 is pretty solid). today it dropped below the 50 and tested the 64. -the 64 held. also add to that the blue line I drew from previous candles. that area of consolidation served as strong support- i would expect it to hold. so support and resistance are very important.
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