wow, what i have noticed is that when a S/R line is broken, it has more validity when the following bar opens and closes above that line. very powerful imo. just look at it. when lines r pierced, it does not necesaarily mean it's reversing, but when it is followed by an open and close, it has a higher chance of success
LOL is right. I was at a party last Saturday and was talking to a rather pretty divorcee who had lost over 1,000 shares of Lehman stock in the debacle and a former floor trader who was now splitting his time between screen trading and catering ... and he was a really good caterer too!