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DAY TRADING  |  June 13, 2002
Technical Tools For Day Traders, Part 4: The Use of Prior Day Highs and Lows
Each of the intraday trading techniques discussed in Parts 1 through 3 have relied on reference levels arrived at by means of mathematical calculations. In contrast, the technique discussed in this section will deal with a set of support and resistance levels that are much more intuitively obvious. In short, I will discuss a technique for using the prior day's price extremes as a means of determining market-based valuation levels.
by Bob Hunt

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