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Zardiw

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Zardiw

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Re: Zardiw post# 319

Friday, 04/27/2007 11:17:25 PM

Friday, April 27, 2007 11:17:25 PM

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Support and Resistance:

What acts as support and resistance?

Support
1. Any prior lower low then the current price
2. Any moving average that is lower then the current price
3. A major resistance level that was broken to the upside and then comes down to this (old) major resistance level, this will now be support
4. Bottom channel lines

Resistance
1. Any prior higher high then the current price
2. Any moving average that is higher then the current price
3. A major support level that was broken to the downside and then comes up to this (old) major support level, this will now be resistance
5. Top channel lines

I hope this helps you along your way of the selling strategy. A BIG FOOT NOTE TO ALL OF THIS: If more then one brokerage firm starts restricting online trading GRAB ALL YOUR MONEY AND GET OUT!!! a sign that a halt is on it's way!

....z

Do NOT view my Profile!! (i.e. click on zardiw)



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