Befriend the Trend Trading Message Board

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Strategies & Market Trends : Befriend the Trend Trading

SPY 659.03

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Nov 21 4:00 PM EST

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To: Charger who wrote (2039)	10/22/1998 1:02:00 PM
From: Dr. Stoxx	Read Replies (4) of 39683

charger, Your link was defective, but try this: timely.com MER is just now touching its 200MA, which ought to act as resistance. the other line is the 40MA. When these two cross, it usually signals a mid-term reversal of direction. Trend lines you have to draw in yourself. For uptrends, connect the two or three most recent lows. For downtrends, connect the highs. This will generally give you the support and resistance for the trend in question. TC.

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