Replies to post #815 on World Surveillance Group Inc (fka WSGI)

[lowtrade]

squ1dk1d
support/resistance points aren't opinions derived from TA, they are facts posted in black and white.

Sorry you misunderstood my statement. I did not say, support/resistance was not TA.

BUT support/resistance is not determined buy a TA indicator through calculations of an equation.

ANY high with a retrace is a resistance point. Any low with a retrace is a support point. They are there, you don't have to calculate them. You don't have to use moving averages or any other ta indicator to see a bottom or top with retrace in the PPs.

Also sorry I use bar charts to find resistance of .387 because your correct .36 is the last resistance point. I didn't look at a chart!

Included find a chart with many dotted resistance/support line.Hope it's big enough to see, if not;http://www.stockta.com/cgi-bin/analysis.pl?symb=GTEL&num1=5&cobrand=&mode=stock

success!