
Then again we could just tell him !!

1. Line 8/8 ? 0/8 (Ultimate Support and Ultimate Resistance).
Those lines are the most strong concerning Support and resistance.

2. Line 7/8 (Weak, Place to Stop and Reverse).
This line is weak. If suddenly the price was going too fast and too far and stops around this line it means the price will reverse down very soon. If the price did not stop near this line this price will continue the movement to the line 8/8.
3. Line 1/8 (Weak, Place to Stop and Reverse).
This line is weak. If suddenly the price was going too fast and too far and stops around this line it means the price will reverse up very soon. If the price did not stop near this line this price will continue the movement down to the line 0/8.

4. Line 2/8 and 6/8 (Pivot, Reverse)
Those two lines yield the line 4/8 only to the strength to reverse the price movement.

5. Line 5/8 (Top of Trading Range)
The price is spending the about 40% of the time on the movement between the lines 5/8 and 3/8. If the price is moving near line 5/8 and stopping near the line during the 10 - 12 days so it means that it is necessary to sell in this "bonus zone" (some people are doing like this) but if the price is keeping the tendency to stay above 5/8 line, so it means that the price will be above. But if the price is droping below 5/8 line it means that the price will continue falling to the next level of resistance.

6. Line 3/8 (Bottom of Trading Range).
If the price is below this line and in uptrend it means that it will be very difficult for the price to break this level. If the price broke this line during the uptrend and staying above during the 10- 12 days it means that the price will be above this line during the 40% of its time moving between this line and 5/8 line.

7. Line 4/8 (Major Support/Resistance Line).
It is the major line concerning support and resistance. This leve is the better for the new sell or buy. It is the strong level of support of the price is above 4/8. It is the fine resistance line if the price is below this 4/8 line.



or those interested, and as an aid to help you with Japanese "candlesticks" and MM, please note that according to Gregory L. Morris, in his book, "Candlestick Charting Explained," Irwin Publishing, 1992, there are 32 "reversal" patterns and only 10 "continuation" patterns.

The 32 "reversal" patterns:

Hammer & Hanging Man
Engulfing
Harami
Harami Cross
Inverted Hammer & Shooting Star
Piercing Line
Dark Cloud Cover
Doji Star
Morning & Evening Star
Morning & Evening Doji Star
Abandoned Baby
Tri Star
Upside Gap Two Crows
Meeting Lines
Belt Hold
Unique Three River
Three White Soldiers
Advance Block
Deliberation
Three Black Crows
Three Inside Up & Three Inside Down
Three Outside Up & Three Outside Down
Three Stars In the South
Concealing Baby Swallow
Stick Sandwich
Kicking
Homing Pidgeon
Ladder Bottom
Matching Low


The 10 "continuation" patterns:

Upside & Downside Tasuki Gap
Side-by-Side White Lines
Rising & Falling Three Methods
Seperating Lines
Mat Hold
Three-Line Strike
Upside & Downside Gap Three Methods
On Neck Line
In Neck Line
Thrusting Line

Has anyone been looking at the daily QQQ candelstick formation over the last 11 trading days? I might call it the "Brick-Wall" formation. Talk about over-head resistance at 95.00!



