Replies to post #674 on T-Waves

[OrangeFluffyCat]

Hi Todd:

USPIX and UOPIX are ways of playing bull and bear moves on the market, and work to provide a return approx twice that of the index. You can pull up charts of them. Minimums vary depending on what brokerage you use, and they aren't for intraday trading. There are going to similiar funds that can be traded intraday created in the upcoming months.

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Pivot Trading Level Formulas:



GPP = (Previous High + Previous Low +Open) / 3
GR1 = 2*GPP - Previous Low
GR2 = PP + (Previous High - Previous Low)
GR3 = 2*PP + (Previous High - 2*(Previous Low))
GS1 = 2*PP - Previous High
GS2 = PP - (Previous High - Previous Low)
GS3 = 2*PP - (2*Previous High - Previous Low)
GS0.5 = (PP + GS1) / 2 GR0.5 = (GPP + GR1) / 2
GS1.5 = (GS1 + GS2) / 2 GR1.5 = (GR1 + GR2) / 2
GS2.5 = (GS2 + GS3) / 2 GR2.5 = (GR2 + GR3) / 2

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Computing Fib levels:


In a primary up move of a security that begins at 25 and moves up to and ends at
50. You have a primary move up of 25 points. The 25 point up move would then be
multiplied by 38.2%, 50.0% and 61.8% to find the retracement levels. These
numbers multiply out to 9.55 or 9 1/2 for the 38.2% area. The 50.0% level is 12 1/2
and the 61.8% level would be 15 1/2.

If and when the security corrects back to the 41 1/2, the 38 1/2 or the 34 1/2 area
you would be at or very near the areas of the Fibonnaci correction retracement
levels. If the security corrects to one of these levels and appears to be ending, you
would want to carefully consider this area as a possible position entry point.



There are other fib levels also. Use google.com and do a search, you'll turn up all kinds of info.....

Pivots, support, resistance numbers tend to work more with things like the Qs in recent years than individual stocks, though they have always been used throughout. The different than norm (historically) volatily of recent years seems to account for the lesser reality with individual stocks.
A good number of people combine them, with technical analysis of anticipated support/resistance on the NDX and have good results over time.