For long position I am looking initially at 167400 as it was set 11 June 04 as it was good breakout level, it needs to REACT on one or both median lines around 167400 for me to look at an entry as we are in free fall at the moment. The next level is major low 167000. Upper level for short is 168150 good solid area....again it needs to ALSO HIT any one of my existing or newly formed reaction lines......... I always drill into 15 Minute chart when I'm close as I have specific rule set for entry.
Thankyou for your reply,
PS: I do like your methodology, nice charts!