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Here is a comparison of the classical pivots and the Statistical Pivots.
Classicals seem to work sometimes and the stats other times. Not sure why,
might have something to do with the number of participants at the party.
BobR
http://www.oextrader.com/momentum/momentum.htm
At 10:46 AM 12/3/97 -0500, Patrick Slevin wrote:
>I only use pivots to see what might be going on when sudden moves
>appear. But based on yesterday's high of 981.80, low of 972.00, and
>close of 975.20 in the SP7Z I am somewhat surprised to see the SP7Z high
>this morning was 976.30.
>
>The basic pivot method that someone posted here weeks ago gave 976.35 as
>the pivot, so it almost touched it and immediately backed off.
>
>The method was,
>(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
>
>
>
>bobrabcd wrote:
>>
>> Let's see if these pivots have any relevance to today's trading.
>>
>> BobR
>>
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