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


To: robert b furman who wrote (17161)4/24/1998 6:09:00 AM
From: William H Huebl  Respond to of 94695
 
Bob,

Buy/rent/borrow etc some books on TA. I have a library of them. Stock Market Logic by Norman Fosback gets my nod as one of the best... then go to Murph's Visual Investing...

Generally, from what I know about support and resistance is that resistance is the highest high a stock/index has gone to and the pulled back from. A test of the level confirms the resistance.

Support is just the reverse.

That's why I posted what I did... it appeared to me the resistance was broken Jan 10th or there abouts and not 7 months ago.

BWDIK?

Bill