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Strategies & Market Trends : Lizard King's Trading Swamp -- Ignore unavailable to you. Want to Upgrade?

To: jdx who wrote (6396)	4/24/1998 11:28:00 AM
From: TATRADER	Respond to of 7396

I usually go back 2 years, but have a CD that goes back 7 years...Old resistance and support areas do play a factor...Take SNRS...On my first ride from 5.00 area, I saw heavy volume from the past(like 4 years ago) at 7.50...Sure enough, some fund manager dumped right in that area, taking the stock back down over a 1.00 a share...Finally it cleared 7.50 not too long ago on heavy volume...Now that becomes our support area...I should have nabbed it below 7.50 today, but was not on my monitor when it happened......Regards, Mark