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Strategies & Market Trends : DAYTRADING Fundamentals

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To: TraderAlan who wrote (1948)7/20/1999 7:34:00 PM
From: TraderAlan  Read Replies (2) of 18137
 
I always learn new things from Peter Worden at TC2000. I'm still working through this tip from tonight's download. This is a powerful idea that can keep you out of a lot of trouble. Fits right in with the "dip trip".

"TIP
Did you know that within an uptrend previous tops are more valid support levels than previous bottoms? When the price approaches a previous bottom, it will probably go through."

Alan
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