WEEKLY PIVOTS 6/14-6/18
Started by
mss
, Jun 11 2004 08:43 AM
4 replies to this topic
#1
Posted 11 June 2004 - 08:43 AM
WOMEN & CATS WILL DO AS THEY PLEASE, AND MEN & DOGS SHOULD GET USED TO THE IDEA.
A DOG ALWAYS OFFERS UNCONDITIONAL LOVE. CATS HAVE TO THINK ABOUT IT!!
A DOG ALWAYS OFFERS UNCONDITIONAL LOVE. CATS HAVE TO THINK ABOUT IT!!
#2
Posted 11 June 2004 - 11:56 AM
thank you!
#3
Posted 11 June 2004 - 02:30 PM
MSS;
I have not used this type of chart before, could you take 5 min and explain the essentials of how to use it. What are each of the elements plotted; S1, etc.? Also, what is BOP? I intuitively have the idea that the market will use the pivot level to turn on or break through on some basis. What is the essence I want to get out of the data in order to make better decisions? Thx EJ
#4
Posted 11 June 2004 - 02:34 PM
tpwr - mss explained these charts a few weeks ago....if you search his previous posts, you will find the explanation. This may save you waiting for mss to see your ? Have a good weekend!
#5
Posted 11 June 2004 - 03:39 PM
You are correct in that the index/stock has a high chance of turning back up/down at these points. "S" is support, "R" is resistance, "P" is the "center of rotation" for a given period. There are many levels of "S" & "R" and traders use these points to enter/exit a trade. If you will review my postings starting with 5/17, 5/22, 5/30, 6/1, 6/8, you should get a good understanding of what each means. How each is calculated is posted on at least one chart in this series. How to use them to trade or make money, every man for himself , best to you. mssMSS;
I have not used this type of chart before, could you take 5 min and explain the essentials of how to use it. What are each of the elements plotted; S1, etc.? Also, what is BOP? I intuitively have the idea that the market will use the pivot level to turn on or break through on some basis. What is the essence I want to get out of the data in order to make better decisions? Thx EJ
WOMEN & CATS WILL DO AS THEY PLEASE, AND MEN & DOGS SHOULD GET USED TO THE IDEA.
A DOG ALWAYS OFFERS UNCONDITIONAL LOVE. CATS HAVE TO THINK ABOUT IT!!
A DOG ALWAYS OFFERS UNCONDITIONAL LOVE. CATS HAVE TO THINK ABOUT IT!!