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To: Kevin who wrote (27383)	10/29/1997 3:58:00 PM
From: Stoctrash	Respond to of 58727

Thanks Kevin...... ps..."GET YOUR FEET OFF THAT NEW COUCH!"

To: Kevin who wrote (27383)	10/29/1997 4:01:00 PM
From: broken_cookie	Read Replies (1) \| Respond to of 58727

Hi Kevin, Thanks for posting your formulas. 2 questions: 1. What is RANGE? 2. Formula 7 should be s3 = s2 - range, right? I've been looking at NeuroShell Trader. Pretty facinating stuff. URL is wardsystems.com. Bye

To: Kevin who wrote (27383)	10/29/1997 4:02:00 PM
From: kiwi	Read Replies (1) \| Respond to of 58727

Thanks a lot Kevin this looks like fun. have a good 1/2 day manana. Enjoy new couch, it must be a nice one. Hopefully they wont be coming to take mine away.<gggg>nervously. Talk to you later and once again thank you, kiwi

To: Kevin who wrote (27383)	10/29/1997 4:57:00 PM
From: Ira Player	Read Replies (1) \| Respond to of 58727

Kevin, A few questions about the math in your post. Also, where did this originate? You said: 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 = 2P - L FORMULA3 S1 = 2P - H FORMULA4 R2 = (P-S1) + R1 FORMULA5 S2 = P - (R1 - S1) FORMULA6 R3 = R2 + RANGE FORMULA7 S3 = R2 - RANGE And Richard C. Walsh suggested FORMULA7 should read S3 = S2 - RANGE (I assume he is right) Also, I assume RANGE = H - L. Questions and comments: FORMULA1 Why don't you consider the OPEN in the PIVOT? While not as strong an indicator as CLOSE, it does provide information on sentiment. FORMULA2 Old habit of mine. Why not present as R1 = P + (P - L)? This shows more clearly that the intent is to position R1 above the PIVOT by the same amount that the PIVOT is above the low. (the reflection of the LOW above the PIVOT) FORMULA3 Ditto old habit. S1 = P + (P - H). Support is at reflection of the HIGH about the PIVOT. FORMULA4 If you expand the formula you get: R2 = (P - (2P - H)) + (2P - L) A little reduction and substitution and you have: R2 = (-P + H + 2P - L) = P + (H - L) = P + RANGE Letting people know that R2 is the previous days range above the PIVOT is much less cryptic. FORMULA5 Ditto the reduction. S2 = P - RANGE FORMULA6 From above R3 = R2 + RANGE = P + 2RANGE FORMULA7 From above S3 = S2 - RANGE = P - 2RANGE With all comments made, I feel a more intuitively presented set of formulas are: FORMULA1 P = (O + H + L + C) / 4 FORMULA2 R1 = P + (P - L) FORMULA3 S1 = P + (P - H) FORMULA4 R2 = P + RANGE FORMULA5 S2 = P - RANGE FORMULA6 R3 = P + 2RANGE FORMULA7 S3 = P - 2*RANGE Don't intend to snipe and nit pick. But understanding the math and systems people use is difficult in and of itself. Nature made things complicated enough . Ira

To: Kevin who wrote (27383)	10/29/1997 5:22:00 PM
From: Electric	Read Replies (1) \| Respond to of 58727

Kevin, Is this where you make your points as far as resistance and support for the indexes you trade in? I didnt partake of TXN or readd to my CPQ, knowing me I would have jumped it when it was up 5..lol Still holding AAPL (why I dont know) TBR and HMTT... I wish Dell wasnt so pricy, it looks like it is getting to rosy levels here. Do you know why Judy and OJ arent around as much? I see them on Idea now and then, I miss the pics, analysis and humor... Regards, Electric

To: Kevin who wrote (27383)	10/29/1997 11:11:00 PM
From: IA	Respond to of 58727

Kevin just wanted to thanks for all your fantastic posts. Inder

To: Kevin who wrote (27383)	10/30/1997 12:07:00 AM
From: Autumn Henry	Read Replies (1) \| Respond to of 58727

Kevin, I have checked the bottom of my purse and I found my two cents so I thought I would offer them to you...... one, I thought she wanted a BMW?......I had my heart set on her getting that....:) two, maybe you could use some new NKE's to outrun the bills, I have lot's of experience with them but would prefer to take up pole vaulting or discus throwing one of these days. I have always appreciated your spirit, honesty, generosity and talent on this thread. You are a very generous giver in many ways. And remember when we first "met" on Thomas's thread and I hollared at you for challenging Andy Chen cause I didn't understand the threads or the banter........I was just looking for harmony......an honest mistake of a thread beginner. If we had to make two lines in this thread of those you care for, respect and appreciate you versus the opposite I can't think of anyone who would get into the second line...... Take good care of yourself Kevin, Autumn