World Surveillance Group Inc (fka WSGI)

[lowtrade]

Have more free posts left before midnight may as well use them.
Been thinking about expanding on support/resistance, as it has been mentioned lately without much discussion.

Here's some good starting points;
http://stockcharts.com/education/ChartAnalysis/supportResistance.html

http://www.stockta.com/cgi-bin/analysis.pl?symb=GTEL&num1=5&cobrand=&mode=stock

There has been talk of the last support line becomes a resistance line when broken, and vise versa. A support line is established at a low, previously untouched, that the PPs pulls back from or vise versa. Also a line can be a support/ resistance line at the same time. I like to think of them as more then one high, one low or both together, but a series of them above and below, each a challenge with different strengths determined by the days volumes when formed.

There do some homework!
Class dismissed. LOL It's an improtant subject IMO .


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