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To: waverider who wrote (66756)	2/14/2000 3:21:00 PM
From: HairBall	Read Replies (1) \| Respond to of 152472

Diamond H: A support line can not become resistance until it has been broken, then it is possible for it to become a support/resistance line. Same for a resistance line that is broken. Then current price action dictates the role a SRL plays...I hope this helps. I am not sure what you mean by "why does closeness to previous price action matter"...let me just say I have spent years studying investor behavior via technical tools (charts & indicators). It is not always easy to explain what I see and react to. In some cases it is impossible because I use some of my own indicators and formulas, stuff I do not share...sorry! Of course all of the above IMO. Good trading... Regards, LG Disclaimer: The above is my opinion only and I reserve the right to be wrong. Do not base any investment decision solely on any one person's views or analysis. Do your own research and take responsibility for your investment decisions.