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Messages - kutti2020

#1
Stock Market Talking / Re: Big fishing game
August 14, 2010, 01:41:54 AM
In conclusion I would like to see an impressive and comprehensive plan passed through the legislative process in order to combat global climate change starting with an Iraq war equivalency in spending towards the development of the hydrogen engine and the corresponding infrastructure necessities right through to bold international programs that provide expertise and loans for the implementation of clean electricity programs tailor-made to each country's needs to achieve zero emissions in all their energy requirements.


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#2
What Does Pivot Point Mean?
A technical indicator derived by calculating the numerical average of a particular stock's high, low and closing prices.

Investopedia explains Pivot Point
The pivot point is used as a predictive indicator. If the following day's market price falls below the pivot point, it may be used as a new resistance level. Conversely, if the market price rises above the pivot point, it may act as the new support level.

Here is how to caluculate the Pivot Point for trading:

Resistance 3 = High + 2*(Pivot - Low)
Resistance 2 = Pivot + (R1 - S1)
Resistance 1 = 2 * Pivot - Low
Pivot Point = ( High + Close + Low )/3
Support 1 = 2 * Pivot - High
Support 2 = Pivot - (R1 - S1)
Support 3 = Low - 2*(High - Pivot)






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