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I cant say that i have done any quantitative work on this, but i will say
that i believe, from experience,
that i can determine support/resistance much better by eye, than any formula
can.
I use sup/rez to trade the snp mini intraday and find it invaluable. cant
speak regarding end of day as it applies to stocks though.
I do have some sup/rez formulas if you want to try them out for testing.
let me know if you want them, i will send them to you.
kevin
----- Original Message -----
From: "Gerald Novak" <gnovak@xxxxxxxxx>
To: "list Group Metastock (E-mail)" <metastock@xxxxxxxxxxxxx>
Sent: Friday, November 23, 2001 11:24 AM
Subject: Support & Resistance?
> Does anyone use Metastock Explorations to determine Support/Resistance?
> I know that I can visually determine a line over the past X months, but
I'm
> wondering if there is an approximate formula that can be applied to an
> exploration to determine those stocks hitting up against support or those
> stocks hitting up against resistance.
>
> Jerry
>
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