Market Gems:Stocks w/Strong Earnings and High Tech. Rank Message Board

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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank

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To: Susan G who wrote (63020)	9/24/1999 11:11:00 AM
From: lee kramer	Read Replies (1) of 120523

There's a school of T/A that maintains that an intra-day piercing of a key support or resistance level is valid only if the support or resistance (be it for a particular stock or a market average) is confirmed by the closing price. I'm not suggesting anything here; only that intra-day "piercings" sometimes result in head-fakes followed by headaches. (Lee)

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