Robb ..in my post I mentioned my charts were not current, but...

Robb ..in my post I mentioned my charts were not current, but used as an example ..I'm not giving an opinion ..just attempting to show by example ..that it's a good idear to try to get a handle on the background with raw data ..before applying wizz bang computer stuff.
the other point to make is that although historical, or medium term levels of support and resistance are important and can be great levels to trade off...it also imporatnt to try to get a view of what the marekt movers are doing in the medium term. In other words ..if the market comes down like a screaming bullett train you be well advised to see how it settles before you jump in too buy ..regardless your levels..
money management is a great arrow to have in the quiver, and some people use it to trade sucessuflly , but it an excuse for not having a good understanding of what really happens ..I'm sure you'd agree.