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Old 04-11-2008, 07:27 AM
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Re: [VSA] Volume Spread Analysis Part II

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Sledge,

Don't you mean wall of SUPPORT around 1.9705 ?


Regards
Tawe
Honestly, I guess this is a debatable term. To me the market is working downward, so for it to go further, I call it resistance, whether correct or not as the term I'm not sure. Basically, it is a congestion area that it needs to be cracked, so I personally call that resistance if it is to penetrate it.
Sledge

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