Discussion in 'Technical Analysis' started by programtrader, Nov 20, 2002.
any traders using supply and demand analysis (richard wyckoff strategies, market profile, etc)?
Supply and demand are just resistance and support.
Don't you mean support and resistance are where supply and demand meet?
What people call resistance is created by overhead supply and support is created by underlying demand.
Where similarly sized supply and demand meet results in congestion.
I am moving this thread to the "Technical Analysis" forum. It should get more attention there.
demand = buying power
supply = selling power
resistance = an area where supply overcomes demand
support = an area where demand is overcoming supply
Separate names with a comma.