Not exactly sure what you mean Kmex. Jack says many things that I do not understand and find confusing but I have learned to ignore anything that does not pertain to what I am interested in which is the mechanics. I have piles of papers and 90% of it is blacked out. Happy 4th!
ktm'r works, btw, you don't consider chunk's of the writings? It's all relevant and substantial though .. actually it's all mechanics.
If the trend is sideways, the support level is a trendline(horizontal). If you don't believe in support or resistance levels there isn't much left in technical analysis(?) Stephen Szpak
Pray do explain yourself. I believe a profound thought lurks within that post. Unlike your previous one, which failed to mention the possibility of buying or seeling pressure in a horizontal move.
check out spike500 decision tree http://elitetrader.com/vb/showthread.php?s=&postid=781685&highlight=Formula#post781685