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why is this area such resistance today? on my 3 min intraday chart, it got stopped there about 5-6 times.

my account is roughly $25,000. using some margin, i'm up about $2,000 in the last 2 days. all trades are swing trades to the long side.

nyse: http://domino.nyse.com/contactus.nsf/EnWebContact?OpenForm nasdaq: http://www.nasd.com/feedback.html

i believe dufferdon is right in that the exchanges proposed the new rule (then the SEC enacted it). however, i agree with tuna that it is a bad rule. let those who will lose money make their own mistakes...and in the meantime, don't ruin opportunities for everyone else.