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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?

To: Liatris Spicata who wrote (13781)2/2/1998 5:26:00 PM
From: vegetarian  Read Replies (1) | Respond to of 94695
 
>>How do you conclude that, should the DOW break 8200, that 8200 will become a support level?<<

Because those who missed buying at 8200 will do so when it pulls back to 8200 after it is taken out; they think it is a bargain and the index will keep going up (basic Dow theory).



To: Liatris Spicata who wrote (13781)2/3/1998 6:54:00 AM
From: GROUND ZERO™  Read Replies (1) | Respond to of 94695
 
Areas where prices previously found resistance, when finally exceeded, generally become support.

GZ


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