Are there days you weary of ET? Fear for the financial prospects of its members? But secretly gloat that as your trading partners they are dumber than you? For me, that is every day. But today more so than most. Let us take the disparagement by the SCT crowd of what Jack calls "the conventional orthodoxy" (what normal folks like you and me call classical TA, replete with its indicators, oscillators, S/R and edges). Now la foule SCT says that those things don't work because they don't test out. Duh! Of course they don't test out! They only work when they work! Let us say that I am a neo-trading-genius and I discover a new type of S/R based on correlations to a certain musical scales, and proudly dub them Liberace levels (Joe Doaks, don't get any wild ideas). Now YOU look at my Liberace levels day after day and say "This is as useless as a ponytail on Jack Hershey". Price blithely ignores them in its daily meanderings. BUT, on the ONE day out of ten when price DOES trip over a Liberace level, I trade it! Are you with me so far?