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[sharechat] Resistance becomes support

From:	prhughes@value.net.nz
Date:	Sat, 11 Jan 2003 17:03:10 +1300

When a resistance level is successfully penetrated, that level 
becomes the support level.

Similarily, when a support line is successfully penetrated, that level 
becomes a resistance level.

Volume is useful in determining how strong the change of 
expectations really is.

There is nothing mysterious about support and resistance, it's the 
classic supply and demand situation.

This is one of those situations where a picture is worth a thousand 
words, Phaedrus may have a graph which illustrates the situation 
perfectly.

Bill

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