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Strategies & Market Trends : Galapagos Islands -- Ignore unavailable to you. Want to Upgrade?

To: Tom Swift who wrote (46649)	8/22/2003 12:02:10 AM
From: PuddleGlum	Read Replies (2) \| Respond to of 57110

P&F reading is non-intuitive at the beginning. But in this chart: stockcharts.com[PA][DA][F!3!2.0!]&pref=G the blue lines represent dynamic support and the red lines represent dynamic resistance. The bottom box in a column of O's represents static support, and the top box in a column of X's represents static resistance. Columns that show support or resistance at the same levels as other nearby (recent) columns serve to reinforce the importance of those support and resistance levels. In the chart above the most recent column of O's broke below two previous columns of O's, which is not good, but there is some support from an even earlier column at around 27.50. There's much more, but that's the basic-basic stuff. Now that's probably what you already learned from the tutorial, right? So tell me that I didn't waste my keystrokes...