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Strategies & Market Trends : Zeev's Turnips - No Politics

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To: Vitas who wrote (35990)3/2/2002 3:37:26 AM
From: HairBall  Read Replies (1) of 99280
 
Vitas: you apparently re-interpreted after that day's trading

As my original SI stalker, once again you prove you have no idea what your talking about...

The price action closed below the INDU's 82 Rising Support Line (semi-log scale) both Thursday 9/20 and Friday 9/21. Once the price action had moved below the long standing trend line, it was only prudent to expect the line would next be tested as resistance before the price action would move higher. I answered that question on Sunday 9/23. And as I expected, the price traded above and below the line for the next four sessions and did not begin to move up and away from the line until Friday 9/28. So, it was tested as resistance.

Vitas, I keep telling you...if you actually traded the markets you would understand this...(now run along and find someone else's ankles to bite)

LG
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