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Strategies & Market Trends : The Rational Analyst

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To: ftth who wrote (1265)8/21/1998 2:14:00 PM
From: HeyRainier  Read Replies (1) of 1720
 
[ Resistance as a Function of Time ]

Dave and others,

Al brought up a subject I began thinking about quite a while ago, and that was the role resistance played as a function of time. What generally has been your experience with resistance levels as time passes? One would think that its significance decreases as time passes, and that would appear to be correct in certain cases.

I personally have observed levels of at least up to 2 years as being significant.

Do you have any thoughts on the matter?

Regards,

Rainier
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