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Re: None

Wednesday, 03/08/2006 10:15:55 PM

Wednesday, March 08, 2006 10:15:55 PM

Post# of 2821
Pivot point is @ 0.0213, and the first resistance point (R1) is @ 0.0247. If we break it (R1) tomorrow morning, the next resistance points (R2, and R3) are @ 0.0293 (R2), and @ 0.0327 (R3), respectively. If we break R1 tomorrow morning, we are out of the double bottom, IMO.

For those of you that are not familiar with these important indicators (Support levels, Pivot point, and Resistance levels) that the MM's use, and how to calculate them, here you are:

http://www.e-minidaytrader.com/snr.html

Mike



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