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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives -- Ignore unavailable to you. Want to Upgrade?

To: SGJ who wrote (31569)	5/3/2012 12:33:28 PM
From: GROUND ZERO™	Read Replies (1) \| Respond to of 222788

Possibly, but they're not support or resistance points, these are extreme points where the market is over stretched after a rally or a sell off... so, I personally wouldn't trust them as the typical support and/or resistance points, they're something very different... but since you ask, it's certainly well worth watching to see how the market reacts to that price... but for myself, I don't use them that way, I generally discard them as that important... GZ