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Re: madtig6 post# 27579

Thursday, 09/23/2010 2:08:02 PM

Thursday, September 23, 2010 2:08:02 PM

Post# of 59551
Tig, I've started doing some chart analysis myself, and I think I have the hang of it now. Tell me if I have this correct:

If the PPS moves up, it will be higher, and if it breaks above a resistance, it will be higher than the resistance, and we will look to see if it can break through another resistance that we will identify at that time, but, if the PPS starts to fall, it will be lower, and if it goes below a support, it will be below the support, and we will have to identify other lower supports. Fortunately, there are about 20 different lines, trends, and historical numbers on the chart where the stock once sat, so there will never be a shortage of new supports and resistances.

Does that sound right? wink