Support And Resistance

  • March 28, 2002
  • Bob Baird and Craig McBurney


Often, the level at which the brokerages will attempt to support the price
of a stock is at a historic support level . . . this is another of the many
reasons that historic support levels may repeat themselves, and thus why
technical analysis works.

–Bob Baird and Craig McBurney, from

Electronic Day Trading to Win (1999,
John Wiley & Sons, New York).