The LSS 3-Day Cycle Method, which is based on the writing of George Douglas Taylor's classic "Book Method" of the Nineteen-fifties, is designed to identify support and resistance. This market strategy is particularly useful in day trading because it identifies zones where the market can be bought or sold with decreased risk. Taylor's contribution to market literature is important in that he correctly identified market "engineering." In a nutshell, Taylor maintained the market was taken lower to create buying opportunities for market insiders or taken higher to create selling opportunities for these same knowledgeable individuals.
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