Monday, August 4, 2008

resistance shmesistance

Every analyst seems to have his own "resistance" and "support" levels. I don't bother making my own. After all, this is just my hobby and I like to position long. What I do is I just ride off of other people's analysis. There are many people out there who love crunching the numbers and don't mind publishing their thoughts. My favorite is still tsupitero.com. He's usually spot on.

The inquirer quoted citisec saying that resistance is at 2630 and that we're looking to see consolidation this week. Tsupitero placed his resistance at 2600.

The market closed today at 2599.99. How ironic.

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