Spectre2007
Registered: Dec 2006
Posts: 6296 |
11-09-07 04:38 PM
Quote from mbusch:
Chris, can you explain what you mean by that comment? I don't understand it, but it sounds important. 
it means the market can spring either way, at the current zone 1455-60 most everyone thinks the market will go down, the previous support is 1494, becomes resistance now.
at 1494 the market can bust through and run some major stops on shorts.
usually markets will touch those levels, since buy stops will be there too.
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