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Re: Support and resistance



PureBytes Links

Trading Reference Links

I put SP future S&R levels on my site daily.  They are formed using my 
proprietary TA I call magnets.  They can be found here 
http://www.geocities.com/magnatizer/Magnetresearch.html?956604662240  under 
the spreadsheet section.   Spoo mag/fibs.  I update them by 9:15 AM EST 
nearly every day.  The times I do not get them updated are due to vacation 
or oversleep.

The way I use them is just like standard fib ruler levels.  Looking for 
where the support/resistance is found in relation to its placement on the 
ruler.  The higher on the ruler (i.e. .618 fib) for support the stronger the 
market.  I prefer to use the special relationships and horizontal magnets 
(bottom area of spreadsheet) section but if the trading is not in a area 
where they are present I refer to the top section.

My work of late has focused on a timing system I am developing.  However, I 
often mention which spoo mag/fib levels I am tracking intraday on the 
http://www.intelligentspeculator.com site on the Cabs Allstars room.

ht
Mag
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