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MarketGeometry

09/14/10 6:01 PM

#189344 RE: Porgie Tirebiter #189343

I am referring to technical definition of support and resistance(it does not care how long a stock trades at some range). When you CLOSE BELOW previous support it is considered broken and It will act as resistance. CLOSING price is very important. Intra-day high low is not important.
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brezlin

09/14/10 6:11 PM

#189349 RE: Porgie Tirebiter #189343

Porgie...hahaahh at least the picture is funny!... thx.
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SimonL

09/14/10 6:16 PM

#189351 RE: Porgie Tirebiter #189343

Once support is broken it is hard to determine where the bottom is, especially with this stock. I don't see this going to triple 0s, but it might fall to .001