Resistance levels aren’t futile, but they do evolve
With the S&P/ASX 200 Index having been range-bound from August 2009 to the time of writing (early May) there has been lots of talk of resistance and support levels - the stuff of technical analysts and their followers I do not subscribe to technical analysis either, but one of my measures for reading the market can be thought of as having evolving resistance and support levels.


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