Past resistance = future support

31 4
Past resistance = future support. Look how resistance on 4/10/2013 predicts support today. Came right down to 108.90 perfectly then bounced up.
I think that the market has drifted through that level too many times. I don't think you are taking too much risk here, but I will stand aside and watch.
Septimus timwest
I'm always amazed how support and resistance lines from over a year in the past can still give reference to current price levels. Today (5/30/14) price at the beginning of the day went straight to $13.40 and then started to pull back. It may continue higher later in the day busting through resistance, but the fact that it pulled back right when it hit is interesting. At least I find it interesting. :) I'm a lot of fun at parties.
timwest Septimus
Have you tried using a 1-day moving average and lag it by 255 days?
Septimus timwest
That is wicked cool. I'd never tried that before. I love stuff like that. Thanks.
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