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Strategies & Market Trends : Ask DrBob -- Ignore unavailable to you. Want to Upgrade?

To: Don Pueblo who wrote (1070)	8/23/2000 3:47:48 AM
From: Drbob512	Read Replies (3) \| Respond to of 100058

TastesLikeChicken: Certainly there can be disagreement regarding support levels,as there are many theories on how to view/interpret support/resistance levels. I use donchians and prior lows and highs, and closes. 3920 has been both support and resistance in the recent past, and 3865 has been the area for more closes than any other area, while 3700 was the strong support before the gap filled at 3582 and was also the support area (actually 3680-3700) that was another bottom from which the Naz rallied. I saw resistance at 3982 from prior highs. And 3521 was the recent intraday low 2 weeks ago. I have had some success in my viewing the daily charts to ascertain some support/resistance levels. I use daily charts more than dma/EMA's for those levels. What do you use? And as far as the indicators are concerned, which ones are you referring to or disagreeing about? Best wishes, Dr.Bob