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[sharechat] support/resistance

From:	"Chris Taylor" <c.taylor@ihug.co.nz>
Date:	Mon, 25 Feb 2002 14:37:28 +1300

TA's,

I'd like to ask how you calculate your support and resistance lines.

I understand the resistance is a common high price that has yet to be broken but is there a minimum number of highs to take into account when drawing your line? Also is there a time frame when resistance becomes obsolete?

Subsequently with support, do you just need to find a common low to calculate? Does this also have any timeframe?

Thanks to all for your time and comments/opinions/analysis. I am an avid reader of this forum.

C.Taylor

References

Re: [sharechat] No Posts. David Renwick
[sharechat] Re: WHS andrew cottingham

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