Hi jemtek,It is interesting this thread should arise now,just as...

Hi jemtek,

It is interesting this thread should arise now,
just as i am preparing for some presentations,
in London, one this very subject.

As always, there's an alternative view about
the number of times an S/R level is tested.

For example, Gannsters would say that the
more times a S/R level is tested the more
it is likely to be broken ... this can be verified
using pattern theory ... ascending and descending
triangles would be a good example.

Again, using simple astrotools, it can be easily
demonstrated that support and resistance can
be also determined along the time axis ... meaning,
when a market has been trending along a line
of S/R, it is possible to determine WHEN this may
be line may be broken.

Now THAT is something that may be programmable,
but the inputs are quite variable, unlike the simple
inputs of regular price-based indicators.

hot charts

yogi