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Strategies & Market Trends : Tech Stock Options

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To: Stoctrash who wrote (27375)10/29/1997 3:47:00 PM
From: Kevin  Read Replies (7) of 58727
 
Hi Fred, Kiwi, John Luker, and anyone else interested.
Here are the formulas to calculate S&R points:

P = PIVOT
H = HIGH (PREVIOUS DAY)
L = LOW (PREVIOUS DAY)
C = CLOSE (PREVIOUS DAY)
R1 = RESISTANCE LEVEL 1
S1 = SUPPORT LEVEL 1
R2 = RES #2
R3 = RES #3
S2 = SUPP #2
S3 = SUPP 3#

FORMULA1 P = (H + L + C) / 3
FORMULA2 R1 = 2*P - L
FORMULA3 S1 = 2*P - H
FORMULA4 R2 = (P-S1) + R1
FORMULA5 S2 = P - (R1 - S1)
FORMULA6 R3 = R2 + RANGE
FORMULA7 S3 = R2 - RANGE

Enjoy!

BTW, taking a 1/2 day tomorrow. Leaving 'bout noon. Getting a damn couch delivered. We only bought the house 2 years ago, and she's already replacing the furniture. Better be one awesome couch for $2000 that's all I have to say. No wonder it seems like I'm never ahead of the bills. But hey...at least I didn't have to buy her a ForeRunner yet :-)

Adios!
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