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Strategies & Market Trends : NetCurrents NTCS -- Ignore unavailable to you. Want to Upgrade?

To: Jill who wrote (332)	10/5/2000 4:09:44 PM
From: Teresa Lo	Read Replies (1) \| Respond to of 8925

"...Jim Willie (over on porch) says resistance was 82/83 based on June...you find it at 80..." Did you notice that there were three pink lines on the chart? Each one is drawn across the high of an important swing. So what you do is say to yourself: "IF we can get through this level one at X, THEN the next target is at Y." That's what I mean when I talk about using technical analysis to formulate IF=>THEN scenarios. IF this resistance is broken, THEN it should be new support on the way to the next level. Teresa