I have re-calculated my pivots for S&P 500. I should remind myself that these are guidelines and not numbers set in stone.
Here they are
1135
1102
1069
1037
1004
973
942
912 (Must recapture and hold for a reversal to have a chance)
882
852 (Battleground 2008)
823
795
767 (low of 2002)
740
712
686
660
635
610
585
I expected some warm and fuzzy news, coombaya kind of announcement from G-20. Seems like all they did, other than deciding to get together, for photo ops and stuff, in April, was blaming hedgefund for the global funk.
Picking easy targets, eh?
S&P 500 – May 15, 2012
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Bottom Line: Long term trend is up. Mid-term trend is down. Short-term
trend is down Weekly S&P stage is Late Advance (2-C) Daily S&P stage is
Strong Decli...
1 year ago
2 comments:
Piazzi, how do you calculate the pivots?
some of them are fibonacci based, some are support & resistance, and some are proprietary and devised by me
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