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Strategies & Market Trends : Analysis Class for Beginners
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To: Trader X who wrote (867)6/11/1998 10:50:00 AM
From: Investor2  Read Replies (2) of 1471
 
Re: "The safest strategy would be to watch the breakout, and the usual reaction back to the previous line of resistance. If the price holds, the time to buy would be on the low, in this case $30."

1. How long does the price have to hold?

2. How much of a penetration of the support is acceptable? For instance, in the example chart you provided, the price dropped sharply in about the last week of October. How would one have know that it was time to buy and not time to sell during this decline?

Thanks,

I2
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