Supply and Demand Analysis

[programtrader]

any traders using supply and demand analysis (richard wyckoff strategies, market profile, etc)?

 

[They]

http://www.elitetrader.com/vb/showthread.php?s=&threadid=9727&highlight=profile

 

[ArchAngel]

Supply and demand are just resistance and support.

 

[They]

Don't you mean support and resistance are where supply and demand meet?

 

[ArchAngel]

Not exactly.

What people call resistance is created by overhead supply and support is created by underlying demand.

Where similarly sized supply and demand meet results in congestion.

 

[macal425]

I am moving this thread to the "Technical Analysis" forum. It should get more attention there.

 

[programtrader]

demand = buying power
supply = selling power

resistance = an area where supply overcomes demand
support = an area where demand is overcoming supply