Nemer; RE:" Dynammics of Chien Rouge's Support/Resistance Levels"
BTW, very much enjoyed reading your posting yesterday about what an old-time broadcast of a horse race would be like. (^_^) With all the eye candy on the WWWeb, we forget what wonderful images can be conjured up in one's own mind's eye. Thanks.
I was curous about what happens to Red Dog's support levels once they are broken, ie., do they then become resistance ?
For example, today's numbers are...
/478 /477 /474 >(472.49)< 471/ 470/ 466/
...and as I write this, the OEX is at 469. Would we assume, then, that 471/ and 470/ supports now represent /471 /470 resistance ?
Along the same lines of thought, another question is this: are Red Dog's resistance and support levels re-calculated throughout the trading session, since the neural net is plugged in to a realtime quote server - or are the OEX calculations performed like a "batch job", generating one set of numbers after digesting each session's meal of data ?
-Steve
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