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Strategies & Market Trends : Ask Vendit Off-Topic Questions

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To: sandintoes who wrote (3771)	1/12/2005 8:26:14 PM
From: Vendit™	Read Replies (1) of 8752

Rudi, I took a segment from STEM’s chart to illustrate how candle support and resistance works and how the mid-point of the tall candlestick plays a part in this. The mid-point can be either support or resistance depending on which side of that mid-line the price is trading on. The mid-line is definitely an important point to be aware of when considering short term support and resistance levels and possible reversal (or entry / exist places). Take a look at my illustration and feel free to ask questions. themarketwind.com Reid

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