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Pastimes : ASK Vendit Off Topic Questions -- Ignore unavailable to you. Want to Upgrade?

To: Aljorma who wrote (13403)8/15/2000 12:14:32 PM
From: DOUG H  Respond to of 19374
 
Does support work the same way? Go back to the green bar volume indicators, and does the type of candle determine the strength of support or resistance?

I believe it does Fred. In my simple mind, support is the price point at which investors become net buyers and resistence is the price point where they become sellers. I'd have to say, the strenght could be measured by the duration and magnatude of the buying or selling.

I remain open to correction on the above.


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