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RE: Support and resistance



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<x-html>
<HTML><BODY BGCOLOR=#FFFFFF>Try&nbsp;Constance&nbsp;Brown's&nbsp;book,&nbsp;<B><I>Technical&nbsp;Analysis&nbsp;for&nbsp;the&nbsp;Trading&nbsp;Professional,&nbsp;</B></I>it&nbsp;does&nbsp;<BR>
a&nbsp;lot&nbsp;with&nbsp;price&nbsp;projections&nbsp;(support&nbsp;and&nbsp;resistance).&nbsp;&nbsp;I&nbsp;just&nbsp;finished&nbsp;reading&nbsp;it&nbsp;and&nbsp;have&nbsp;been&nbsp;<BR>
trying&nbsp;to&nbsp;incorporate&nbsp;some&nbsp;of&nbsp;the&nbsp;RSI&nbsp;work&nbsp;(price&nbsp;projections)&nbsp;in&nbsp;my&nbsp;daily&nbsp;trading&nbsp;of&nbsp;the&nbsp;<BR>
S&P.&nbsp;&nbsp;Of&nbsp;course&nbsp;trendlines&nbsp;and&nbsp;horizontal&nbsp;support&nbsp;lines&nbsp;in&nbsp;other&nbsp;time&nbsp;frames&nbsp;are&nbsp;always&nbsp;<BR>
important&nbsp;for&nbsp;me&nbsp;to&nbsp;determine&nbsp;points&nbsp;of&nbsp;hesitation&nbsp;and&nbsp;trouble.&nbsp;&nbsp;&nbsp;Ms&nbsp;Brown&nbsp;also&nbsp;does&nbsp;a&nbsp;lot&nbsp;of&nbsp;<BR>
work&nbsp;with&nbsp;Fibonacci&nbsp;support&nbsp;zones&nbsp;and&nbsp;cluster&nbsp;areas&nbsp;between&nbsp;multiple&nbsp;time&nbsp;zones,&nbsp;which&nbsp;I&nbsp;<BR>
haven't&nbsp;tried&nbsp;yet,&nbsp;(she&nbsp;gives&nbsp;a&nbsp;lot&nbsp;of&nbsp;credit&nbsp;here&nbsp;to&nbsp;Joe&nbsp;DeNapoli).&nbsp;&nbsp;
<BR>

<BR>
Personally&nbsp;I&nbsp;still&nbsp;find&nbsp;yesterday's&nbsp;high&nbsp;and&nbsp;low&nbsp;points&nbsp;of&nbsp;strong&nbsp;resistance/support,&nbsp;as&nbsp;well&nbsp;as&nbsp;<BR>
the&nbsp;high&nbsp;and&nbsp;low&nbsp;for&nbsp;the&nbsp;first&nbsp;trading&nbsp;push&nbsp;(usually&nbsp;30&nbsp;min&nbsp;to&nbsp;1&nbsp;hour).&nbsp;&nbsp;Anyway&nbsp;I&nbsp;hope&nbsp;this&nbsp;<BR>
helps.
<BR>

<BR>
Bill&nbsp;Hardy
<BR>

<BR>

<BR>
>&nbsp;**&nbsp;Original&nbsp;Subject:&nbsp;RE:&nbsp;Support&nbsp;and&nbsp;resistance
<BR>
>&nbsp;**&nbsp;Original&nbsp;Sender:&nbsp;"Glen&nbsp;Wallace"&nbsp;<<A HREF=mailto:gcwallace@xxxxxxxx>>gcwallace@xxxxxxxx></A>
<BR>
>&nbsp;**&nbsp;Original&nbsp;Date:&nbsp;Tue,&nbsp;30&nbsp;May&nbsp;2000&nbsp;10:27:25&nbsp;-0500&nbsp;(CDT)
<BR>

<BR>
>&nbsp;**&nbsp;Original&nbsp;Message&nbsp;follows...&nbsp;
<BR>

<BR>
>
<BR>
>&nbsp;Can&nbsp;any&nbsp;traders&nbsp;here&nbsp;recommend&nbsp;some&nbsp;sources&nbsp;of&nbsp;information&nbsp;or&nbsp;techniques
<BR>
>&nbsp;for&nbsp;determining&nbsp;intraday&nbsp;support&nbsp;and&nbsp;resistance&nbsp;levels&nbsp;in&nbsp;the&nbsp;S&P&nbsp;futures?
<BR>

<BR>
>**&nbsp;---------&nbsp;End&nbsp;Original&nbsp;Message&nbsp;-----------&nbsp;**
<BR>

<BR>
>&nbsp;</BODY></HTML>

</x-html>From ???@??? Wed May 31 07:10:06 2000
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From: "Glen Wallace" <gcwallace@xxxxxxxx>
To: "MetaStock listserver" <metastock@xxxxxxxxxxxxx>
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Subject: Re: Support and resistance
Date: Tue, 30 May 2000 14:01:35 -0700
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Status:   

Thanks, Bill.  Could you describe, in general terms, Constance Brown's use
of RSI to project price?  It sounds intriguing.


----- Original Message -----
From: whardy@xxxxxxx
To: metastock@xxxxxxxxxxxxx
Sent: Tuesday, May 30, 2000 9:52 AM
Subject: RE: Support and resistance

Try Constance Brown's book, Technical Analysis for the Trading Professional,
it does a lot with price projections (support and resistance).  I just
finished reading it and have been trying to incorporate some of the RSI work
(price projections) in my daily trading of the S&P.  Of course trendlines and
horizontal support lines in other time frames are always important for me to
determine points of hesitation and trouble.   Ms Brown also does a lot of work
with Fibonacci support zones and cluster areas between multiple time zones,
which I haven't tried yet, (she gives a lot of credit here to Joe DeNapoli).

Personally I still find yesterday's high and low points of strong
resistance/support, as well as the high and low for the first trading push
(usually 30 min to 1 hour). Anyway I hope this helps.

Bill Hardy


> ** Original Subject: RE: Support and resistance
> ** Original Sender: "Glen Wallace" <>gcwallace@xxxxxxxx>
> ** Original Date: Tue, 30 May 2000 10:27:25 -0500 (CDT)
> ** Original Message follows...
>
> Can any traders here recommend some sources of information or techniques
> for determining intraday support and resistance levels in the S&P futures?