Re: [RT] Re: Tomorrows pivots

["ira" <mr.ira@xxxxxxxxxxxxx>]

What is the URL for the max pain index.  I 
seem to have lost it from my book.  Thank you, Ira
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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 4:13 
  PM
  Subject: Re: [RT] Re: Tomorrows 
  pivots
  
  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
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    ----- 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 unsubscribe 
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