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The last session revealed some interesting Support/Resistance
levels.
The market was in a long consolidative 2h period, from 12:00
to 14:00 and then tried lower levels.
Volume by Price 5min chart, offered by <A
href="">bigcharts.marketwatch.com was quite
indicative.
Stocks like CSCO with high Volume at these levels [$17.20]
defined a new S/R substantial level.
Stocks like BEAS, with regular volume for these levels
[$10.90] will search lower [and probably even lower...]
to meet the waiting buyers.
Intraday Volume by Price is of the most important tools,
for intraday and further reference.
Dimitris Tsokakis
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