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ryanmnly

04/10/11 12:24 PM

#77441 RE: simplegreen #77437

SG,

You put a lot of emphasis on determining support and resistance, as it shows on the chart. Once you see it approaching an S/R point, how do you determine if it respects it once it reaches it? Or, how do you determine if it blow right through it? This G/U chrt is an excellent example of it hitting support multiple times, but I don't know how you can tell that it isn't continuing down in the spots where it went below the purple line.