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<DIV><FONT face=Arial size=2>Does anyone trade signals generated from any of the
online trading advisers?</FONT></DIV></BODY></HTML>
</x-html>From ???@??? Sat Mar 04 23:53:17 2000
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From: "Dr. John Cappello" <jvc689@xxxxxxxxxxx>
To: <realtraders@xxxxxxxxxxxxxxx>
Subject: [RT] Support Resistance Calculations
Date: Sat, 04 Mar 2000 20:41:02 EST
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Status:
I have spent much time working on this to permit those interested to
calculate their own.I modified the formula so that it is no longer
proprietary but pretty much on target if used in conjunction with your other
indicaters.
Here goes:
R3=High divided by Low=X
X times the Close=R3
S3=R3-Close=Y
Close-Y=S3
R2=High divided by Low=X
[X + 1] divided by 2=A
A times the Close=R2
S2=R2-Close=Y
Close-Y=S2
R1=High divided by Low=X
[X+3] divided by 4=A
A times the Close=R1
Si=R1-Close=Y
Close-Y=S1
I hope it fits the needs of some of you and I still use it.No it is not
fancy but some things are better simple.
Sincerely,
John
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