Clown-Free Zone... sorry, no clowns allowed Message Board

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Pastimes : Clown-Free Zone... sorry, no clowns allowed

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To: Lucretius who wrote (2441)	7/6/2000 7:49:54 PM
From: pater tenebrarum	Read Replies (1) of 436258

the opposite is true...the more often a line of resistance or support is tested, the more likely a break becomes. but the devilish thing about triangles and/or rectangles (see the VGY) is that BOTH support and resistance get tested numerous times...so the direction of the break is perforce not predictable. and the problem is, the ancillary technical indicators give conflicting signals as well... how about we break in one direction and it turns out to be a false break after a week or two? that would be the most diabolical outcome...

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