WEEKLY PIVOTS 8/16-8/20
Started by
mss
, Aug 14 2004 07:07 PM
2 replies to this topic
#1
Posted 14 August 2004 - 07:07 PM
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 14 August 2004 - 09:07 PM
Hi MsS,
How does one interpret the pivot charts to base any trading decisions? TIA.
#3
Posted 15 August 2004 - 07:27 AM
Pivot is used by traders to "help" determine the price around which a index/stock will likely change from up to down. "S" support, "R" resistance, is the price where the index/stock would change directions. In the charts, if you do not have a position, one could say a rising BOP & ema above the PIVOT could be a low risk buy point. The pivot could also indicate where to place a stop. A breach of a P, S, or R, would indicate strength in the direction of the break.Hi MsS,
How does one interpret the pivot charts to base any trading decisions? TIA.
Several posters have discussed the use of pivots much better than I have, but they do help. They, as any type of trend line, are only guides and not the holy grail. Pivots are/can used for any time period, and are based on past price action for the time period.
Hope this helped. mss
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!!