Alternative Fuel Systems ATF:VSE Message Board

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Gold/Mining/Energy : Alternative Fuel Systems ATF:VSE

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To: chris who wrote (420)	3/27/1998 12:57:00 PM
From: Stew	Read Replies (2) of 4605

Chris: I'm no expert either but, essentially, support and resistance levels are psychological "benchmarks". I.e. If a stock's price is on the rise you look for the price where interest (buying) drops off because people aren't confident enough to pay more (for a myriad of reasons). That price is the resistance level. Similarly, if a stock's price is falling, the price at which it stops falling is where stockholders feel comfortable hanging on. They feel it's worth that price and aren't prepared to sell their stock any lower. Neither "support" nor "resistance" is cast in concrete, but give you something to make your own decisions by. Tom can likely give you a more refined definition and better technical info., but this is the general idea.

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