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To: ViperChick Secret Agent 006.9 who wrote (9874)	12/1/1997 6:18:00 PM
From: Patrick Slevin	Read Replies (1) \| Respond to of 17305

I really don't use any pivots. That was a basic one. Here's some text from an e-mail I once received on RealTraders from one member trying to help out another....I have no idea if any or all are valid.. ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ Thank you for your response. I apologize for not giving you the complete information on this one posting but I have a learning curve logistics problem and some of the formulas are complicated. So, please accept this information for now and give me some more time to get the rest organized. Tom DeMark: Three Formulas: If the close today is less than the open today: (High today + Low today + Close today + Low today/2 = X Tomorrow's High = X - Today's low. Tomorrow's Low = X - Today's high. If the close today is greater than the open today: (High today + Low today + Close today + High today/2 = X Tomorrow's High = x - Today's low Tomorrow's Low = X - Today's high. If the close today is equal to the open today: (High today + Low today + Close today + Close today/2 = X Tomorrow's High = X - Today's low Tomorrow's Low = X - Today's high. Larry Williams: Unfortunately, I am unable to locate the formula that appeared in, I believe, "The Secrets Of Selecting Stocks....etc". For some reason, I have misplaced this info but I will keep looking. Joe Ross: As stated earlier, he uses three (3) formulas. The easiest one to relay now is figuring tomorrow's typical price in congestion: (Open + High + Low +2(Close)/5 = X Tomorrow's high = 2X - Low Tomorrow's low = 2X - High. Please give me more time on the other two formulas. George Angell: This is tough. I should have perhaps been more thougtful about this project because there are so many calculations he mentions in his LSS system written in "Winning in the Futures Market". He does not call them pivots per se but buying and selling envelopes. As mentioned, the formulas are lengthy. The Low + three different formulas are used to calculate the buying envelope and the High + three different formulas are used to calculate the selling envelop. Perhaps it would have been easier and more relevent to ask if anyone makes money trading the LSS system? If it does not test out, or whatever, then the formulas may be unimportant. Again, more time please. John Stenberg: (High + Low + 2 (Close) divided by 4 = Pivot Tomorrow's high: Low - P = X + P Tomorrow's low: High - P = X - P. I apologize for the complexity and confusion that my posting may have cause. What is now missing in what I started is the exact Larry Williams formula, Joe Ross' formulas for figuring tomorrow's typical price in an uptrend and downtrend, and the six different formulas George Angell uses (including the Low and High) to calculate what he calls his buying and selling envelopes. ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ Clyde Lee is also a member of RealTraders. I believe he is a professional trader but I've never spoken with him personally and even our private e-mails only discuss market trends...personal discussions never came up. RealTraders, among other people, has as members newsletter writers like Larry McMillan, CBOE members, authors/creators of Fib systems, Astro systems, wave systems....you name it. The e-mail gets overwhelming but the information is even more so. Clyde Lee's posts usually include a chart which I cannot post here. If you like I'll forward that e-mail on to you. Neural Nets just don't seem to work properly when backtesting unless they are optimized beyond where they seem reliable....from my standpoint, at least. But to each his/her own....I don't spend any time looking at them because there is so much else to work on. When/if I see one work consistently I'll change my opinion.