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Strategies & Market Trends : Roger's 1998 Short Picks -- Ignore unavailable to you. Want to Upgrade?

To: Pancho Villa who wrote (4447)3/8/1998 8:08:00 PM
From: CatLady  Read Replies (1) | Respond to of 18691
 
<< TA education >>

First homework assignment:

'Trading for a Living' by Dr. Alexander Elder

Read section two, Mass Psychology.
In particular, pay attention to Chapter 19, Support and Resistance.

For the first exercise, we'll use that YHOO chart.

1.) What T.A. principle was ignored in shorting YHOO at 58 in late January?

Hint: look at YHOO price level during mid-December.

CL

P.S.

Globex all red at this hour: cme.com


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