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To: Ron McKinnon who wrote (47638)4/8/2003 1:05:41 PM
From: Nemer  Read Replies (1) | Respond to of 53068
 
MMM

on the three fork 55 min chart I posted ...

the mid tine RED is about where it is trading now and should act as fair support ... BUT, breaking beneath the RED mid tine doesn't make for a remarkable event .... although, for a happy time for longies .. staying above it will be good, for it is RISING

the range of trading on the BLUE is pretty wide, between top rising tine of 137 as of yesterday, and the area of 130
and, it would have to go all the way down to around 122 to void the Blue fork .....

the "telling one" is the green young pup ...
that arrow I drew @ 133 and 4-10
will confirm a further rise as having strength OR will KILL the GREEN fork should it break beneath ...

so .. in answer to your question ...
MY support is ALWAYS a moving target ...
both time AND price ...

which is what I've been saying for years ...
and, I agree, tis hard to understand,
for I don't have ANY static support\resistance figs ....


the Blue base is 379min
the Red base is 144min
the Green base is 55min

that doesn't mean THAT is all ...
there are lotsa forks out there on MM ...
but, from lotsa years of using them .. these three are the most indicative of what the info you are seeking to have and to hold right now ...

the illustration should make it more easily visible, even tho, I'm not demanding anyone pay attention to it ...

no matter ...
this TA of mine doesn't beat around the bush ...
it is present in Red and Blue and Green .. hehhehehehe

edit ....
fwiw .. there is a reaaaaaaaaaaaly reaaaaaaaly long term AQUA colored fork from a Weekly chart that so closely traces the path of the BLUE one that I didn't leave it up .. to avoid confusion ...
and the bottom tine of it is so close to the bottom tine of the blue one that it confirms the ultimate .. no .. ultimate strength isn't the correct word .. just that it shows long lasting rising power for MMM ....

and there is NO FA involved with all this .....
and I like that ... gggg