finding resistance and support

[gtg657g]

could someone please fill me in on how this resistance and support is found. I think it is dependent on moving averages, but which one? Heeeeelp! :?

[jm2552]

Toni Turner's book on short-term trading has a great analogy of a ball, ceiling and floor that explains it pretty well. Also explains the importance of realizing that the previous ceiling becomes the new floor (hopefully) and vice versa (not hopefully),

[Thierry Martin]

You can get Toni Turner's books at our sister site's bookstore here (http://www.invest-store.com/cgi-bin/stock-links-bin/redir.cgi?moreinfo.cgi?item=41613) at special low prices.

[TheChartGuru]

Toni's books are fantastic. Her explanation of support/resistance is very simple. She explains several of her favorite key indicators that you may incorporate in your technical analysis. She has a new book out. I haven't read it yet, but I would recommendthat you buy that one first being that it is her newest edition.

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[KJ]

Has anyone read Murphy's Technical Analysis of the Financial Markets or Nison's The Candlestick Course???

I picked up Toni's Short Term Trading in the New Stock Market. So far it's a good reason, thanks for the recommendations! However, from the reviews I read online, it sounds like Murphy's and Nison's books are more specific. Part of the reason why I bought Turner's book was that she was more general and covered more topics.

Thoughts?

[TheChartGuru]

I have Greg Morris "Candlestick Charting Explained" and Bigalow's "Profitable Candlestick Trading". They are both great books on Candlesticks except Bigalow's book explains how to use Stochastics along with candlesticks to time entry and exits.

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