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

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To: Stockdoctor who wrote (45492)4/1/2002 4:12:13 PM
From: Trumptown  Read Replies (3) of 99280
 
<<SPX has done a triple top at 1155>>

In by experience, triple bottoms often fail and fall thru. I would expect the same to be true for resistance.

Tyically a failure after the second try, it's over. If however, there is enough strength to test resistance for a third time, the resistance likely fails more than it holds...anyone got any statistics on it??

SR
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