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Microcap & Penny Stocks : Short Term Picks From the 'Whiz' Kid -- Ignore unavailable to you. Want to Upgrade?

To: Skycat who wrote (1501)	2/23/1999 8:11:00 PM
From: mik mah	Respond to of 9115

That's the question alright :>

To: Skycat who wrote (1501)	2/23/1999 8:22:00 PM
From: onlygains	Read Replies (2) \| Respond to of 9115

As my father always said the only dumb question is that which went unasked. Support is the level(price) at which a stock tends to move to on the downside before it starts to once again move back up. Resistance is the area(price) that a stock tends to move to on the upside before selling pressure begins moving it down again. Most stocks typically have trading ranges that they move through. Many times they will test their support levels and then move back up however if a stock breaks its support level a new trading range often time begins. (not a good sign) If it breaks through resistance often it will tend to move on to higher highs. This is somewhat of a simplistic answer to a question that could take up pages of answer. In addition its worth noting that this type of analysis is not a science and can be at times useless with the rapid movements of BB's. I also like to look at the 30 day and 50 day moving average charts these tend to more often than not give a good entrance and exit point for stocks.