stock last week charts.

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chart stock

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Levels I'm watching for week ahead.

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I spent 6 months last year using levels (S/R - supply + demand) with mixed results and 2008 so far has been focused on trends on the ST.

I have now compromised and will be using both in conjunction and (hopefully) finding a comfortable and profitable mix.

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4 weeks taken from January 2008 analysed using major S/R as an exit point for the position.

Options for continuation.

1) Remove half position at these levels
2) Re-enter if S/R broken
3) Re-enter if previous S/R holds also


EDIT1: WK4 - extra chart added using re-entries based upon 2 +/or 3.

Need to decide on how to decipher when an S/R level is holding enough for an exit.



EDIT2: Additional...

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