Sunday, November 16, 2008

S&P 500 - Pivot Calculation - Nov 16, 2008

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?

2 comments:

gabi said...

Piazzi, how do you calculate the pivots?

Piazzi said...

some of them are fibonacci based, some are support & resistance, and some are proprietary and devised by me