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Strategies & Market Trends : Tech Stock Options
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To: Jerry Olson who wrote (29101)11/21/1997 12:26:00 PM
From: Nemer  Read Replies (1) of 58727
 
Jer:

--->Can you give me your pivots for calls and puts based on your numbers today????

I don't have pivots.
The figures -----for example today---OEX ...902...907...911...915..
// > (919.70) < //
...923...926...931...934

902..907..911..915 are support or the floor levels.
923..926..931..934 are resistance or the ceiling levels.

They are independent and non dependant on each other.
There is not one that is stronger or weaker than any other.

They probably can be compared to the water level marker on a lake....the one that's on a pole showing different markings in feet or inches...depending on the lake.
My formula identifies these daily and shows where "normal" water levels should be.
There should be constant movement between these "marked water levels" but the identified places for "normal" change from day to day and that's what I post every morning.

The Red Dog uses these figures and calculates.
When R/D senses an "abnormal" movement , he alerts me.
The water level could pass these points moving in both directions many times a day....matter of fact it does....and R/D not bark.
That's why my bud and I are training this new liitle pup to show ultra short term bounces or penetrations of the "normal" identified levels.

I know this is boring and convuluted but I can see that my figs are used in a different manner, and compiled in a different manner than Kevins and Toms, as even our trades are done in a different manner.

Now that I've confused even myself------I gonna go fix dinner ...gggg

Regards---Speed on the rail Nemer
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