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• Support & Resistance Axioms by David G. Ondercin, Phd

  ARTICLE SYNOPSIS ...Support & Resistance Axioms by David G. Ondercin, Phd Here are seven axioms for the practical application of support and resistance levels to your trading. Support and resistance are of central importance to all traders and a necessary starting point for new traders. There are self-evident truths concerning support and resistance of financial markets, so let us examine some of these axioms for their practical application to trading. AXIOM 1 The concept of support and resistance is important because traders believe it is important. The belief is self-fulfilling. Traders are certain, for ...

AUTHOR: David G. Ondercin, PhdDATE: FEB 2009