StockFetcher Forums · General Discussion · Support and Resistance Clarification<< 1 2 >>Post Follow-up
alf44
2,025 posts
msg #38352
Ignore alf44
10/6/2005 1:24:33 PM

carolynandjoel,

Glad I was able to help.

An afterthought that you may or may not be aware of wrt "Classic S/R Levels " is the "role reversal" that these levels tend to play AFTER they have been breached.

That is...a Resistance level on a chart...once penetrated...will tend to become Support underneath !

Conversely...a Support level on a chart...once breached...will tend to become Resistance overhead !

Good Luck,


alf44





carolynandjoel
30 posts
msg #38359
Ignore carolynandjoel
10/6/2005 9:31:57 PM

alf44
Yes, thank you. I was aware of that attribut. I am fairly comfortable with what you have taught me is Classic S/R. I am not comfortable with Pivots, S1, R1, etc. Thank you again, Carolyn


StockFetcher Forums · General Discussion · Support and Resistance Clarification<< 1 2 >>Post Follow-up

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