Befriend the Trend Trading Message Board

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Strategies & Market Trends : Befriend the Trend Trading

SPY 689.58

-0.3%

Jan 7 4:00 PM EST

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To: Dr. Stoxx who wrote (2631)	1/15/1999 11:38:00 AM
From: Dr. Stoxx	of 39683

Here's a great chart for educational purposes, and one that looks like a decent trade as well: CYPH: timely.com Note how 4 times it met strong resistance at $7, but that each pullback got weaker as time went on. Finally, it based at 7 before springing above. The next pullback saw the 7 area act as support. Classic! TC.

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