key level
English translation: identification of significant chart levels
| 22:05 Jul 3, 2003 |
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|  Selected response from: Ralf Lemster Germany Local time: 21:34 | ||||||
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| 5 +2 | identification of significant chart levels |
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Answers
7 mins confidence: 
peer agreement (net): +2
peer agreement (net): +2identification of significant chart levels Explanation: Technical analysts often identify price levels which are important for further price developments: the most common are "support" and "resistance" levels. Have a look at the "Technical Market Update" published by Julius Bär (see URL below), and you'll see what I mean. (Don't worry about the lingo, though... S-H-S means "shoulder-head-shoulder" - a classic chart pattern...) Reference: http://www.swisspartners.ch/pdf/jb.pdf |
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