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II. Support & Resistance and Trading Trend
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Rating: 3 votes, 5.00 average.

Support & Resistance and Trading Trend

Posted 02-26-2008 at 11:17 AM by DbPhoenix (Dbs Burrow)
Updated 06-29-2009 at 02:47 PM by DbPhoenix

Put simply, support is the price at which those who have enough money to make a difference are willing to show their support by retarding, halting, and reversing the decline by buying. Resistance is the price at which those who have enough money to make a difference attempt to retard, halt, and reverse a rise by selling. Whether one calls this money professional or big or smart or institutional or crooked or manipulative or (fill in the blank) is irrelevant. If repeated attempts to sell below this...
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