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To: ViperChick Secret Agent 006.9 who wrote (10066)	12/3/1997 12:29:00 PM
From: Patrick Slevin	Read Replies (1) of 17305

I use SP7Z signals to trade OEX. I rarely pay attention to where the OEX is except during expiration week. Looking at Nemer's points and converting the SP7Z points we worked on yesterday to OEX, it translates as follows, POINT Nemer SP7Z conversion S2 462.00 462.73 S1 464.00 464.70 Pivot 466.15 467.32 R1 468.00 469.40 R2 470.00 472.00 It seems to be similar until we get to the pivot then diverges providing Nemer with the more conservative upside resistance. I guess for a short-seller that's okay, but for my purposes (if I used pivots at all, for that matter) the variance is not significant. Pit traders also use point and figure. Pivots are just another tool...as I say, I don't know anyone who relies on them...it's just something to be aware of and factor into the equation.

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