Re: [RT] Re: Tomorrows pivots

["BobR" <bobrabcd@xxxxxxxxxxxxx>]

You are so right.  There is one position left 
on the experimental Ulcer Index system that needs to exit.  The basic idea 
was to enter long with 3 contracts at the max pain point and then to exit one at 
a time on the rebound assuming there would be at least 3 upward thrusts from the 
entry low.  Last time the OEX touched the trendline would have been an 
ideal exit, but just maybe a higher exit is coming.  This horizontal 
movement since the July low has been sloppy.  Kinda looks and feels like 
the trendline will be broken, but not to fret, it might be tested again from the 
topside.  The tests are getting closer in time.  January would seem to 
be the month it is broken with a push to 487.90.  Then we get another max 
pain point sometime later in the first quarter.  No, I don't have any money 
on this.   
 
bobr
<BLOCKQUOTE 
style="PADDING-RIGHT: 0px; PADDING-LEFT: 5px; MARGIN-LEFT: 5px; BORDER-LEFT: #000000 2px solid; MARGIN-RIGHT: 0px">
  ----- Original Message ----- 
  <DIV 
  style="BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: black">From: 
  EarlA 
  To: <A title=realtraders@xxxxxxxxxxxxxxx 
  href="mailto:realtraders@xxxxxxxxxxxxxxx";>realtraders@xxxxxxxxxxxxxxx 
  
  Sent: Thursday, January 09, 2003 3:11 
  PM
  Subject: Re: [RT] Re: Tomorrows 
  pivots
  Speaking of the OEX, Bob, while reviewing my charts this 
  weekend I notedthat the OEX was the only major index challenging the bear 
  market trendlinefrom the ATH. Today's close (not shown) is once again up 
  against thattrendline. That should be formidable resistance, and if 
  breached, shouldprove very interesting.Earl----- Original 
  Message -----From: "BobR" <bobrabcd@xxxxxxxxxxxxx>To: 
  <realtraders@xxxxxxxxxxxxxxx>Sent: Thursday, January 09, 2003 3:36 
  PMSubject: Re: [RT] Re: Tomorrows pivotsHere is a chart 
  showing the zone probabilities for being reached and beingsupport or 
  resistance on Friday providing the OEX opens within zone 4.  Zone4 
  was picked because the OEX closed in zone6.  It was borderline and 
  thestats are slightly different if the close was in zone5.  Also it 
  was assumedthere were no gaps on the Friday open.  The stats are from 
  the 1994 book"Detecting High Profit Day Trades in the Futures Markets" by 
  JT Jackson.There may be a newer book out now with updated stats and the 
  FibonacciTrader Software may be able to update the probabilities as new 
  data arrives.The book has stats for many commodities besides the 
  snp.  This has become ofinterest to me recently because the book 
  "Building Winning Trading Systems"by Pruitt and Hill has some TradeStation 
  code that determines therelationship of the opening price and closing 
  price to different zonelevels.  This book did not use the floor 
  trader pivot zones, but might bemodified to do that.  The BWTS book 
  code uses 4 zones based on the High,midpoint,and 
  low.bobrTo 
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