posted
Hi, I'm trying to gauge the "support" level here (on VRSN). Is it marked by the straight horizontal lines, or the curved ones? And what's the difference between them ("fluidity")?
posted
LoL Keith... Support in this case could be the 50 EMA (red line) and Resistance at 30.0 .. but first you need to see if it bounces off either/or in the next couple of days or so... to determine if those are in fact the Support/Resistance... as for a book.. suggestions are below...
A Beginner's Guide to Short-Term Trading by Toni Turner www.toniturner.com
Short Term Trading, Long Term Profits by Jon Leizman
posted
machster, the could be... is important... could be support, could crash through.
I like proven support, stay away from the could be's. 50 hasn't shown it in the past, so why now type of thinking...I could give intraday pivots, resist and support but.....
on the books i read toni's, i'm not a candlestick fan, i find candlesticks obvious. I also like a trading book by constance brown i think. sorry with wireless i'm to lazy to walk to my library. dont know leizman.
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