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Strategies & Market Trends : The Thread Formerly Known as No Rest For The Wicked
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To: Mavrick who wrote (22196)3/31/1999 3:28:00 PM
From: Jorj X Mckie  Read Replies (2) of 90042
 
Resistance would be established where a lot of people have entered the position and have subsequently seen the stock price drop. When it approaches their buy-in point, they think to themselves "finally, at least I can get out of this position without loosing money". When all of these people are done selling, then the stock can move up. Of course, this is just IMHO and not necessarily fact.

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