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Strategies & Market Trends : Charts for Bottom Breakout -- Ignore unavailable to you. Want to Upgrade?

To: Ed Huang who wrote (2557)	6/17/1999 5:03:00 PM
From: Dr. John M. de Castro	Respond to of 3105

Thanks for the response Ed. I'd appreciate it if you would tutor me a bit on TA. I'm puzzled how one determines support and resistance points. I've not found any method to do it. Is it determined by eyeballing the chart or is there a more formal way of doing it? How did you come up with the 1 5/16 and 1 1/8 support levels and the 1 1/2 resistance level for PARS? When I looked at the PARS chart I looked at a number of TA indicators. I'm curious as to which one's you looked at to make your judgement that the chart looks interesting. Thanks for your help. Best regards John de C