Gathering Support Gathering Support is the buyer's friend: When a stock is falling, Gathering Support is the thing that most often brings an end to the fall. It's where buyers hide in larger than usual numbers, ready to provide either a short-term bounce to a weak stock or an upside reversal to a correction that has run its course. When venturing a short-sale, therefore, it's best to avoid doing so at Gathering Support.   Stocks are best purchased at Support rather than sold. When Support Is Broken: Gathering Support is where the buyers have concentrated forces. Support that is ultimately broken, therefore, tends to mark either the start of a new downtrend or the continuation of an old one. Gathering Support, when broken, tends to serve, thereafter, as Gathering Resistance (The Buyer's Enemy) and should be treated as such. Support & Resistance Tables - General Observations: Gathering Support is always located below the previous day's Closing Price (labeled "CL" on a Support & Resistance Table) and is always highlighted in blue. When there is no blue highlighting below the previous day's Closing Price, it means that there is no area of Gathering Support for that particular day; and that only individual aspects of Support exist. Areas of Gathering Support that may occur between the previous day's Close and the previous day's Low are not highlighted in blue. They can be identified, however, by applying the general rule that two or more individual aspects of Support that are relatively close in price to one another constitute an area of Gathering Support. Identifying An Oversold Condition: A stock is Oversold when its price falls to the extreme lower end of a Support & Resistance Table. An Oversold stock that reaches an area of Gathering Support increases the probability of an oversold bounce.