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Technology Stocks : Stock Swap
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To: Nemer who wrote (9850)12/1/1997 5:02:00 PM
From: Patrick Slevin  Read Replies (1) of 17305
 
I see you fellows on Tech Options appear to use pivots. My pivots for Wednesday...if I were to use pivots....would suggest

R2=993.10
R1=986.40
Pivot=973.10
S1=966.40
S2=953.10

....for the SP7Z.

With moves such as today's I generally don't pay much attention to pivots.....but I thought I'd return the favor for the OEX points.

If pivots are not what you use they are relatively simple...this is from the basic one,

(H+L+C) / 3 = PIVOT POINT

(2 x P) - L = RESISTANCE 1

(2 x P) - H = SUPPORT 1

(P - S1) + R1 = RESISTANCE 2

P - (R1-S1) = SUPPORT 2

EDIT

Just looking at something done by a fellow named Clyde Lee, a neighbor of yours from Houston....His "Swing Machine" (swing theory) looks for a pullback shortly after the open Tuesday.

Talk about information overload.
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