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simplegreen

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simplegreen

Re: Qui-Gon Kagi post# 122607

Wednesday, 09/25/2013 11:05:17 AM

Wednesday, September 25, 2013 11:05:17 AM

Post# of 140146
Qui..just keep one thing in mind on my opinions about the SD zones...if a previous level is known support its only support as long as an huge imbalance of BUY orders are sitting there but are NOT support if they all execute!So..support is simply unfilled buy orders...resistance is simply unfilled sell orders.A rapid move away from either one is proof that S/R will remain intact....hovering there makes for iffy and/or risky entry since hovering may cause support or resistance to fill and trade through.

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