Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Stock Swap -- Ignore unavailable to you. Want to Upgrade?

To: ViperChick Secret Agent 006.9 who wrote (10066)	12/3/1997 12:16:00 PM
From: Nemer	Read Replies (1) \| Respond to of 17305

CaT babe: Home for lunch. Checked SI and see you've been busy, as usual...ggg ----->but then if the pit traders use the formula...it might be the natural effect we are seeing I suppose Don't think they're using my numbers or anything derived except from a normal formula. Ten years of changing and fine tuning on mine has had some effect but it normally doesn't correspond with any other figures I've seen posted. Not saying mine are better, just not arrived at using a "normal" manner. Regards----Abnormal Nemer

To: ViperChick Secret Agent 006.9 who wrote (10066)	12/3/1997 12:29:00 PM
From: Patrick Slevin	Read Replies (1) \| Respond to 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.