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Re: Support/Resistance Calculations



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Thanks for the help, guys. I'm still using 6.52 until they change
system test to multiple stocks. I had seen the support/resistance in
the manual but didn't know if it was a system that was currently in
vogue. It seems to me that since market psychology rules, that I
needed support/resistance levels that are most popular. Much like when
using weighted rather than exponential 50 and 200 day moving averages
it seems that weighted is more commonly used as I can see when a
market reaction seems to occur once a stock hits the weighted rather
than the exponential MA.

On Sat, 12 Aug 2000 20:20:35 -0400, you wrote:

>Newbie help please.
>
>I have been eyeballing support and resistance levels and using
>horizontal lines on pricecharts. 
>
>I desire to become more sophisticated and use Metastock formulas to
>determine primary and secondary support and resistance levels. Any
>hints as to how to go about this.
>
>Thanks.
>tony