I would like to start a thread concerning support/resistance( SR ) lines used by many traders to determine entry and exit targets. Many traders use these lines as either breakout points or swing points. If price crosses the SR then a breakout has occured and prices should continue in the same direction. If price bounces off the SR then a reversal in price action is expected to occur. There are many ways to find these SR lines and a number of sites provide daily info on where they are located. Some of them charging considerable money for this service. I would like then to ask the question as to whether these lines are real or simply the result of the random nature of stock prices. For example, if you take any equity chart and draw 5 or 6 random lines on it between the high and the low, these lines will appear to be SR lines with break outs and reversals occuring at these random points even though they are not derived from any factual data about the price action. So let's hear from you. Tell us if you use SR for your daily trading, how you determine these points and whether you find them to be of value. At this point in my trading life, I have become a skeptic.