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Strategies & Market Trends : NetCurrents NTCS
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To: Little Engine who wrote (466)10/9/2000 9:14:42 PM
From: OpusX  Read Replies (1) of 8925
 
Were these stocks supposed to go up or down? "Test" could mean anything.

they aren't supposed to do anything they will do what they do having said that a test means a stock goes up (or down) to test a prior level of support or resistance that is where a technician will watch to see if the stock either breaks thru the support or resistance or retraces back in the direction it came from.
think of it like putting your toes in a hot bathtub, it either feels good and you jump in or if too hot (or too cold) you pull out the way you came in :)

OpusX
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