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Politics : High Tolerance Plasticity -- Ignore unavailable to you. Want to Upgrade?

To: Sweet Ol who wrote (13085)	4/3/2002 8:55:53 AM
From: chowder	Read Replies (2) \| Respond to of 23153

John, let me use TGT as an example. When working with TA, you want to look for points that present a "high level of probability" that investors will show up. When dealing with TA, levels of support and resistance are where most TA users prefer to buy and sell positions. The following chart shows the next two levels of support. Since TGT is now approaching oversold status, the first level of support stands a good chance of holding. If confirmation is received at that point, you'd have a good entry point. If support doesn't hold, you look for the next level of support that may present a "high level of probability." stockcharts.com[h,a]daclynay[pf][iut!lh14,3][J3801357,Y] Of course nothing is guaranteed, but you must anticipate points of entry that may attract buyers or sellers. Your seasonality scenario may still come into play, but we may see one more uptrend prior to your target date. If we don't anticipate points of entry, we often miss the best opportunities. dabum