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Old 03-05-2008, 12:20 PM
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Re: support/resistance levels?

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Perhaps I understand S/R better than I realized. 1765-1770 is exactly where price just peaked and -if I'm saying this the right way- selling pressure is coming in.
However, 72-74 was also tested. It's the nature of the S/R zone that there will be a number of potential levels to watch. That's why one has to wait until price actually gets there before determining what's potential and what's actual. If it doesn't prompt a response from traders, it's not important.

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