Here’s how it works. Let’s imagine that your home mortgage is for $250,000, but after years of paying on that note, you only owe mortgage company $100,000. In this instance, you would have $150,000 in equity in your home. A home equity loan is a specific type of loan that will allow you to borrow against that equity.

For instance, if market moves up in first 20 minutes of trading, touches initial resistance zone, and then turns down, this implies that a good tradable downtrend move is likely to develop.

How strong that new trend becomes is market-dependent. As market falls, its reaction to each new support zone gives an indication of how weak or strong new downtrend is. If market falls to initial support and breaks down through it without a stall or a bounce, it will probably continue down to next level of support. But, if market loses downside momentum near initial support zone, downtrend may well be over.