No offense taken Jared, I appreciate the time you took to respond. My feeling is that with charts reflecting everything that is currently known about a stock, there are advantages to being in tune with the price action. When key resistance is broken and holds up, to me that's a sign that the bulls are accumulating and pushing the price upward, for whatever reason. If nothing else, a breakout at least gives the trader a line in the sand to help. If it breaks and holds, you hold. If it falls back below that key point, you bail and wait for the signs to point back up. It helps me to determine trades with better than average odds and to minimize risk. Works for me, but to each their own. Good luck to us all.
