|
PureBytes Links
Trading Reference Links
|
> Dennis Conn wrote:
> It's my understanding that a cluster of pivot points at roughly the
> same level are the S & R levels - do you consider other factors in
> determining S & R?
-----------------------------------------------------
Hi Dennis,
In my drive for speed and brevity, I sometimes use abbreviations where
I probably shouldn't. When I use the term "S&R" I am not referring to
support and resistance levels generally, but to the S1-3, R1-3, and DP
levels that are printed at the top of the report every morning.
Yes, you are absolutely right, a cluster of lines created from
intraday pivot points should be considered potential support and
resistance.
Sorry for the confusion.
Bob Hunt
|