The conceptual framework for a man's search for meaning

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Entries Tagged as 'support'


April 9th, 2020 No Comments

From our last update, I drew an arbitrary line of 1000, noting to myself that’s the line to watch (ahead of time). As you can see that line turned to #1 above, at about 1200. We also noted that the 2007/08 long term support line is at 700/800. So that forms our longest term support […]

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Support and Resistance

August 14th, 2019 No Comments

The first step to successful chart reading involves identifying (and drawing) [perfectly] horizontal lines on the chart called support or resistance. It goes like this: Imagine a stock price dropping from a high Once it is ‘low’ enough, it starts to move sideway A stock price dropping means sellers are overwhelming buyers. There are more […]

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