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To: Roger Bodine who wrote (5890)	10/23/1997 1:59:00 PM
From: Ginko	Respond to of 25960

>>(Off Topic) Anyone... can you give me an easy to understand definition of: 'buying support' and 'selling resistance'? Thanks, Roger - If one applies TA to a stocks trading pattern, 'buying support' means that you expect a stock not to violate the support "floor" level and instead, move upward from that support level. Likewise, 'selling resistance' is the belief that a price "ceiling" would not be violated and you expect the shares to sell off back to the support levels. Works well in sideway's patterns or applying it to trending stocks using channel analysis. The adage, "old support becomes new resistance and old resistance becomes new support" might explain it more succintly. Best of Luck. Tom