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>> patrick fernicola wrote:
>>
>> Here is a pivot point calculation and I was wondering if anyone is
>> using pivot points and what has there usefulness been?
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>
>Patrick,
>
>I use them extensively in my own work for trading the bond market, as
>do many floor traders.
>
>They are a great aid in determining potential support and resistance
>levels throughout the day. They're best used in combination with
>specific price behavior patterns which indicate high potential for a
>short term turn in direction.
I think they are also very useful over the medium term, using the weekly
data (H,L,C).
Less so over the long term, using monthly data.
Warren
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