denmo - I also might point out that the bullish and bearish objectives on P$F charts are really worthless.
Ted's support and resistance lines are really established over long periods. They are great and to be given a lot of notice. I am useing Dec. highs as shorter term resistance lines which in some cases are the same as Ted's. Needless to say if we can't break through Dec. highs we cannot go on to any other resistance lines. We have not been able to do that yet (except for a minute today on the SNP, I think it was .84.) I think the fact that we have hit Dec. highs and been rejected every time gives good evidence that these numbers are resistance.