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FTSE 100, 250 and 5 Day Pivots - Wednesday 6-Aug-03 (PIVS)     

BrianTrayda - 05 Aug 2003 22:48

This is normally only in the Traders Room, but there have been requests to see it in the Investors Room as well. So just for this week it will be copied here and then revert back to the Traders Room. If you found them useful and want to continue using them, that's where they will be. If you have any questions please post a message in this thread, but I won't be able to answer them until after trading hours. If you've never come across Pivots before, then have a look at the "Reading Sites" below. Pivots can be amazingly accurate, but SHOULD NEVER BE USED ON THEIR OWN! This information is for educational use only. It is not offering any other advice, of any description or for any other purpose.
bear.gifPivotSmileys.gifbull.gif
FTSE 100 and 5 Trading Days has hyperlinks to 10 day Price/Vol Charts. Use "Back" to see pivots again.DYOR (Do Your Own Research), NAG (No Advice Given), Use At Your Own Risk, and NOT for beginners! Use with other indicators like RSI and Volume. Pivots can represent Entry/Exit points, but you should really see them as "attention grabbers" - if they get to the relevant numbers check the other indicators to decide what to do. You should not use Pivots on their own. Do not use Pivots if there is an important News item or in rapidly moving markets. To Print the Pivot list just right-click in the pivot scrollable area and select "Print" If you have Excel installed just right-click in the pivot scrollable area and select "Export To Excel" If you want to publicly post this to anywhere off the MoneyAM site ask! Reading Sites: Pivots 1 and Pivots 2 and Pivots 3

little woman - 07 Aug 2003 09:44 - 2 of 4

I'm surprised no one has posted any comments on this thread!

I must admit it has taken me quite a while to work out what all this info means (and is there a lot of info!)

I may be wrong, (please someone put me right if I am wrong!) but if you have a particular share you wish to buy or sell, the data can help you determine the best time to deal.

It's a pity this is only up for one week in the Investers Room. It could help those of us who don't trade every day when we do!

Any chance anyone who takes a look at this thread could post their thoughts and if they think the info is useful?

BrianTrayda - 07 Aug 2003 15:51 - 3 of 4

LW, they can be extremely useful. The Support and Resistance levels can, and in fact are, used as values to buy and sell at. It's really only meant for intraday trading, but can equally be used for longer time frames but the values become vague (ie: +/- 2 or 3 pts from actual value).

On some days the FTSE will bounce between it's S/R values with incredible accuracy. Other days not. That's why it's necessary to use other means to decide.

The other thing on the above tables is the hyperlink to the BigChart graphs that show Price/Volume over the last 10 days. That is very helpful when trying to find the best buy and/or sell price.

hursheel - 07 Aug 2003 16:52 - 4 of 4

so has trend on next started
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