Support and resistance

This is a discussion on Support and resistance within the Indices forums, part of the Markets category; Hi all Having a few problems with support and resistance. Could some take a look at these numbers and see ...

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Old Oct 1, 2003, 12:12pm   #1
 
stoploss please's Avatar
Joined Jun 2003
Support and resistance

Hi all

Having a few problems with support and resistance. Could some take a look at these numbers and see what they think. They have been calculated from daily candle stick charts. The problem is when I use a close only line chart, there seems to be many more S&R points and the areas of importance seem to differ.

Dow

9685
9620
9500
9380
9230
9000
8870
8420
7930
7400

S&P

1040
1032
1008
983
975
960
911
863
844

Cheers
Andy
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