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To: McNabb Brothers who wrote (8884)	5/27/1999 11:37:00 AM
From: jackhach	Respond to of 19700

Thanks! What do you mean by LEVEL I, II, & III? Those to me are the points of expected resistance. A LEVEL I is a strong resist point that will be difficult to sustain a breakthrough without substantial volume. LEVEL II is a bit weaker and so on... For example: Today $205.00 is a LEVEL I -- although we will sustain a breakthrough, because we probably have enough positive volume to do so. Once passed through for a reasonable amount of time -- these points can then serve as Iday floors. Traders do this kind of TA all day long. Not very complicated stuff. Not inconsistent with most charting software provides. -JH