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Stock Analyzer

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Stock Analyzer

Re: shellbark post# 146

Sunday, 01/15/2006 9:45:18 AM

Sunday, January 15, 2006 9:45:18 AM

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I got .50 because on that day (Dec 8th or so) when the top of the red candle was at .50 there might have been some bigger buying for people that tried to avg down from the high of .70 So my mental resistance is thinking if someone got in at .70 on the highs before and it started to fall and they tried to avg down that day it fell big and avg down at .30 lets say, their avg price would be .50 as a break even point. So .50 is my avg down resistance :) Do you get it lol. Plus .50 is a mental resistance anyways as its a round number .50 cents is half a dollar, there will always be some resistance on round numbers like that.

All posts are my opinion only, for a full disclaimer please see this link http://smallurls.net/1508

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