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Support and Resistance, How Real Is It?
First I enjoyed reading the enlightening posts on limit orders. For myself I would say I've made a modest number of trades using buy limit orders, perhaps 40 or so. Usually I'll bail out with a market order except I have sold options using limit orders about 5 times. Well is there such a thing as support and resistance? I haven't quantified it but it does seem like stock prices "gravitate" around option strike prices to me. |
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