[xtractor328]

Thankyou for your explanation. Does your resistance line rest on the "HIGH" price for the week on the Candlestick or HLC or on the "close" price. This brings me to my next question regarding where to set my buy order. I understand Weinstein's theory of setting the buy price but how do you decide on the buy price (assuming I am a "trader") if all of us traders draw the resistance line at different price levels. I want to make sure the breakout price I plan to buy a stock at is that price that Weinstein's theory agrees with. I realize this is a very rudimentary question but it seems extremely important so that i select the proper breakout price. Thank you!