|"Chris Taylor" <firstname.lastname@example.org>
|Mon, 25 Feb 2002 14:37:28 +1300
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.