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10/26/2003 Archived Entry: "ProfitPoint questions.."
Hello ProfitPoint subscribers. I'm posting this here as a place-holder for any questions you may have on the newsletter or recent charts. Not everyone is up to speed on my techniques, so feel free to ask any smart or dumb questions! To post a question here, just click on the "Post Reply" link or the red "Replies" link near the bottom-right of this message. I enjoy helping so ask-away! If you are new here and don't know what ProfitPoint is, click here to find out!
-Neal.
Replies: 8 Replies
What is SK support Regards Kaya
Posted by Kaya at 10/26/2003 08:47 PM PST
Hi Kaya, SK = SuperKluster! It is an area of stronger support. This area often has the power to turn the market, so should be watched for entry or exit of a position.. On longer-term charts, this area often marks the start of a new trend, and can provide excellent intraday trades too! -Neal.
Posted by FibMaster at 10/26/2003 08:50 PM PST
Dear Neal, Do older Fib Levels carry more 'weight' as Support/Resist then current ones...are they stronger then those based on todays prices action or yesterdays? thx, Dave
Posted by mouse at 10/27/2003 12:52 AM PST
Dave, yes they can be stronger, if they come from a higher time-frame. For example, weekly levels are much stronger than 5-minute levels.. So the further back they originate from, the better in general.
Posted by FibMaster at 10/27/2003 05:26 AM PST
Neal
ProfitPoint for 10/26/03, Rockwell Collins, has incorrect stock symbol. (IDBE) should be (COL). Must have been a carryover from 10/23.
Don
Posted by Don at 10/27/2003 10:01 AM PST
Thanks Don! Yes it was a carry-over.
-Neal.
Posted by FibMaster at 10/28/2003 06:39 AM PST
Dear Neal,
Do you use 3x3 on all your charts including higher time frames? Do you have any others on the Dailys or weeklies? Quick thanks for the great charts each day! Dave
Posted by mouse at 10/30/2003 02:13 AM PST
Hi Dave, I use the 3X3 and TRSI on all timeframes. Also trendlines and a few old standards now and then. Mostly the 3X3 and TRSI though. See you in chat tomorrow!
Posted by FibMaster at 10/30/2003 08:03 PM PST
Next page, continue.
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