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Why wait for prices to go past the upper parallel in Freds intraday Andrews
Pitch fork?
Look at the daily charts and you will see that the low today was at the far
parallel of the
High Low High Andrews Far parallel line of the pitch fork.
RM
At 11:42 PM 7/21/98 -0400, Donald Thompson wrote:
>RTs
>I believe someone was asking about the Daily Pivot point and how to
>calculate S1,S2 the pivot, R1, R2
>
>Go to this web page there is some interesting stuff besides information
>on the above.
>
>http://news.bridge.com/NEWS/gfitips.html
>
>I find it useful. It is interesting that the SPX cash will work off
>these levels. for instance today it held at S1, the Futures bounced
>off of its S1, When Spx couldn't rally back to the Pivot the decline
>was on.
>
>In another market, the September Silver. Its top resistance for 7/21
>was 5.575. Guess what the high of the day is?? 5.575.. Why bother
>going farther???
>
>For tomorrow..
>
>Hi, SPX OEX BONDS SP8M
> Pivot Pivot Pivot Pivot
>High 1187.37 580.18 123.25 1196.50
>Low 1163.05 568.14 122.50 1170.50
>Close 1165.07 568.86 123.13 1172.50
>
>R2 1196.15 584.43 123.71 1205.83
>R1 1180.61 576.65 123.42 1189.17
>Pivot 1171.83 572.39 122.96 1179.83
>S1 1156.29 564.61 122.67 1163.17
>S2 1147.51 560.35 122.21 1153.83
>
>
>Then of course you might ask yourself if there are any fibo retracement
>areas that correspond to the above places.... or trendlines... or what
>ever....
>
>Don Thompson
>
>
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