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Strategies & Market Trends : Befriend the Trend Trading -- Ignore unavailable to you. Want to Upgrade?


To: Dr. Stoxx who wrote (2631)1/15/1999 11:38:00 AM
From: Dr. Stoxx  Respond to of 39683
 
Here's a great chart for educational purposes, and one that looks like a decent trade as well:

CYPH: timely.com

Note how 4 times it met strong resistance at $7, but that each pullback got weaker as time went on. Finally, it based at 7 before springing above. The next pullback saw the 7 area act as support. Classic!

TC.