| Support & Resistance Report |
Examples (Slide Show) | FAQ | QuoteTracker Users | Point & Figure Traders | How To Subscribe
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The 'Support & Resistance Report' identifies and publishes areas of Gathering Support and areas of Gathering Resistance for 200 Stocks and ETFs that are charted at my Public Charts. Gathering Support (Buy Alert) represents the most favorable price range for venturing a purchase. Gathering Resistance (Sell Alert) represents the most favorable price range for selling or venturing a short-sale. |
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Example |
For an example of the 'Support & Resistance Report', click here: Example... When QQQQ fell to its area of Gathering Support between $43.29 and $43.38 (Color Coded in Blue on the 'Support & Resistance Report'), it was time to venture a purchase. QQQQ rose to a subsequent high of $44.19 later the same day. |
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Is the 'Support & Resistance Report' just what the doctor ordered for your trading needs?
The following survey will help determine the answer. Click here for a Stock Trading Checkup. |
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Do you often get shaken out at the bottom because you jumped in too soon? You won't if you wait for a pull-back to Gathering Support before venturing a purchase. Do you allow winning trades to turn into losers by holding onto them for too long? You won't if you take profits when a stock rises to Gathering Resistance. |
Endorsements: " I have been trading for seven years.....but with little success because of inconsistent trading stratagies. In my opinion, your trading reports are critical pieces to solving the daily puzzle of when to buy and sell. It is evident, this techincal trading system mirrors exactly what the professionals use in their unemotional approach of when to buy and sell. This gives me the upper hand in developing my own strategy and trading style. Thank you Mike for the 50% return on my money over the last 6 months"...Chad Gates "Support and Resistance Report worked great today... It continues to amaze me. As a testimonial, for the month of September, I am up 9.23% while a buy and hold QQQQ would be up 2.13%. There were 5 days when I was busy and unable to trade...or my results would have been better...It's an awesome system! Fred is becoming a believer, too!"...Bob Lantz, Vice President of Nortwest Quadrant Advisors (www.NWQAdvisors.com) "Your unique and effective method of identifying "overbought" and "oversold" stocks has been very profitable for me. That feature, by itself, makes your service the best bargain on the net"...Jim Wilson |
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Benefits of the 'Support & Resistance Report' The "Support and Resistance Report" identifies "natural" places to buy (at Support) and "natural" places to sell (at Resistance). Support and Resistance are represented on the 'Support & Resistance Report' by a stock's Highs, Lows, Closing Prices, Moving Averages, Fibonacci Numbers, Pivot Points, Trend Lines, Double-Tops, Triple-Tops, Double-Bottoms, Triple-Bottoms and Upper and Lower Bollinger Bands. The fact that the price of a stock bounces between these aspects of Support & Resistance during the course of a day, week or month provides specific trading opportunities for both day-traders and swing-traders. How They Work and Why They Work Each individual aspect of Support (as outlined above) has the potential, by itself, to stand alone and provide Support to a falling price. Likewise, each individual aspect of Resistance has the potential, by itself, to stand alone and provide Resistance to a rising price. The #1 benefit of the 'Support & Resistance Report', however, is not that it identifies individual aspects of Support or individual aspects of Resistance. Rather, the #1 benefit is that it identifies "narrow price ranges" where multiple aspects of Support or where multiple aspects of Resistance gather together in close proximity to one another. The 'Support & Resistance Report' refers to these "narrow price ranges" as areas of 'Gathering Support' or areas of 'Gathering Resistance'. It also color codes these areas in blue for easy identification. When multiple aspects of Support congregate in close proximity to one another, they produce a much stronger area of Support than any single aspect of Support could provide by standing alone. Likewise, when multiple aspects of Resistance congregate in close proximity to one another, they produce a much stronger area of Resistance than any single aspect of Resistance could provide by standing alone. You have heard the analogy of how a single stick can easily be broken. But, when you gather multiple sticks together, it becomes much more difficult and in some cases impossible to break their combined strength. So it is with Support and Resistance. A single aspect of Support or a single aspect of Resistance can easily be broken when it stands alone. However, when multiple aspects of Support or when multiple aspects of Resistance gather together in close proximity to one another, it becomes much more difficult and in some cases impossible to break their combined strength. The combined strength of multiple aspects of Support within a narrow price range (aka an area of 'Gathering Support') provides a much more reliable buying opportunity. Likewise, the combined strength of multiple aspects of Resistance within a narrow price range (aka an area of 'Gathering Resistance') provides a much more reliable selling opportunity. |
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