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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank -- Ignore unavailable to you. Want to Upgrade?

To: Long John who wrote (95993)	5/3/2000 10:26:00 PM
From: Jenna	Read Replies (3) \| Respond to of 120523

Resistance and Support. No I don't use software, I just use the drawing tools (trendlines, speed resistance lines) from metastock, Qcharts and/or Telescan. There is intraday support and resistance and also support and resistance from the daily chart. There is also 10 minute chart and 5 minute chart resistance and support. If I relied on software it might look pretty but I need to 'see for myself'.. Usually if you use Resistance/Support lines with Candlestick charts or even OHLC charts you can look for range expansion or range contraction there.. and volume indicators for confirmation, you don't need a lot of sophisticated indicators and 'wave theories' for our type of stocks.. I spend a lot of time after hours researching so the actual trading day is easier. Most traders work very hard during market hours scanning and sifting the entire market but do no research at night. I find its less stressful and more profitable to do it the other way around and only use watch lists instead of scanning the entire market.