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


To: sandeep who wrote (45966)2/12/2013 10:15:00 AM
From: GROUND ZERO™  Respond to of 220900
 
Okay, no... the price could trade above that VP, it's not a resistance level, it has nothing to do with resistance or support above that price... a full description of what a VP is can be found it the header of this thread... but, simply stated, a VP is where the market is stretched out to the max so it very likely has a reaction in the other direction to undo the over stretch... but, if the market closes above that VP on the due date, then the rally should continue, but only if it closes above that price and ONLY on that date... it can close above that price today and tomorrow, but the key date is the 18th...

GZ