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Strategies & Market Trends : DAYTRADING Fundamentals -- Ignore unavailable to you. Want to Upgrade?

To: Bilow who wrote (3604)9/5/1999 1:35:00 AM
From: TraderAlan  Respond to of 18137
 
Bilow,

Oh dear. Saturday night sillies <g>.

A stock split should have no effect on support/resistance. The crowd/holders that drive the buying and selling are all situated in exactly the same place before and after a split.

Take a stock like DELL, for example, and try to figure where all the pre-split highs are. It would drive you crazy.

Alan



To: Bilow who wrote (3604)9/5/1999 7:29:00 AM
From: marketbrief.com  Read Replies (2) | Respond to of 18137
 
hi carl, i'm going to respectfully disagree with Alan on this one and say that a split definitely affects support and resistance levels... it all has to do with memory... folks remember the exact price they paid and if that ends up getting split, the memory is lost or at least greatly diminished.

~Smart$


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