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Strategies & Market Trends : Technical Analysis- Indicators & Systems

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To: freelyhovering who wrote (3073)	3/16/1998 6:48:00 PM
From: SAF	Read Replies (1) of 3325

Myron, I would like your opinion on a certain stock. However, I would also like for you to explain support and resistance, unless its too involved. What are the rules related to volume. The stock I am tracking is IELSF. I think it broke its support today and will now retest the 2 1/2 support. The questions I have are these: 1.) I am correct with my last comment about support? 2.) What rules can I follow to determine if this stock will go lower, based on TA? 3.) What rules can I follow to determine if the support holds and the stock will begin rising back to its resistance? I hope this doesn't take a great deal of your time. I do appreciate the time that you can spare for this. Others on this thread might be able to follow along and learn as well. Thank you, Steve

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