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Message: NUMBERS

Re: NUMBERS

posted on Nov 21, 2008 06:40AM

Marathon_Man

Thanks for keeping us up on the markets and their changes.

I would like to add that many years ago I poured over 100's of charts looking for repeating similarities and I came up with some simple conclusions:

The .10, 1.00, 10, 100, 1000 and the 10,000 areas represented the most reliable support and resistance levels. Second in general reliability was followed by .05, .50, 5, 50, 500 and 5,000.

I would say that the probabilities favor that PROBE bottomed this morning at 5 cents.



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