Floyd at www.oexoptions.com won the 2008, 2009, and 2010 Readers Choice Advisory Service Awards from Stocks and Commodities Magazine. At www.Bluechipoptions.com we offer weekly Dow projections, daily Twitter updates, free option and stock signals, our blogs, and numerous articles on trading the market.
Wednesday, July 29, 2009
Bearish Resistance Lines
Bearish Resistance Lines:
1. The resistance marks a former top
2. Going beyond this former resistance is the true test of the strength of the breakout
3. Buying at this top, before it’s been confirmed, creates higher risk and potential higher returns
