Re: [RT] What is the Hurst thinking

["BobR" <bobrabcd@xxxxxxxxxxxxx>]

Incase you were wondering....why show tomorrow's 
pivots today?  Cuz there is a tendancy for price to migrate towards the 
pivot.  Or, from a visual and math standpoint tomorrow's pivot is a 
function of today's H and L and most important the Close.  Thus as the day 
winds down the Close and Tomorrow's pivot sort of converge by 1/3 the value of 
the close.  There are some probability theories on what zone the price 
closes and opens in and what zones it will reach and close in the next 
day.  Thus the interest in knowing tomorrows pivot and zones today.  
FibonacciTrader has a built in tool for these zone probabilities and the 4.0 
version will recalibrate the probabilities, perhaps.  J.T. Jackson wrote a 
book on the subject.
 
bobr
 
<BLOCKQUOTE 
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  ----- Original Message ----- 
  <DIV 
  style="BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: black">From: 
  BobR 
  
  To: <A title=realtraders@xxxxxxxxxxxxxxx 
  href="mailto:realtraders@xxxxxxxxxxxxxxx";>realtraders@xxxxxxxxxxxxxxx 
  
  Sent: Thursday, January 09, 2003 10:11 
  AM
  Subject: Re: [RT] What is the Hurst 
  thinking
  
  Because there is usually a late day pop that will 
  take out the short.  Best just to exit or do as John says.  Here is 
  a view from the OEX camp.  Today's high so far has been Wednesday's close 
  plus 1*yesterday's range.  Thirty minutes after the open the Trin and 
  issues and volume were giving a Buy.  One novel addition to the standard 
  pivots is a plot in bars right area that shows where tomorrow's pivots are 
  going to be based on current HLC.
   
  bobr
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    ----- Original Message ----- 
    <DIV 
    style="BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: black">From: 
    Daniel 
    Goncharoff 
    To: <A 
    title=realtraders@xxxxxxxxxxxxxxx 
    href="mailto:realtraders@xxxxxxxxxxxxxxx";>realtraders@xxxxxxxxxxxxxxx 
    
    Sent: Thursday, January 09, 2003 9:46 
    AM
    Subject: Re: [RT] What is the Hurst 
    thinking
    Why wouldn't you 
    sell?RegardsDanGClyde Lee wrote:> This thing told me 
    to go long last night and I did not.> > What now ? ? ?> 
    > Clyde> > - - - - - - - - - - - - - - - - - - - - 
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