Allstocks.com's Bulletin Board Post New Topic  New Poll  Post A Reply
my profile login | register | search | faq | forum home

  next oldest topic   next newest topic
» Allstocks.com's Bulletin Board » Hot Stocks Free for All ! » What does "pivot point" mean???

 - UBBFriend: Email this page to someone!    
Author Topic: What does "pivot point" mean???
Ktrain420
Member


Member Rated:
4
Icon 1 posted      Profile for Ktrain420     Send New Private Message       Edit/Delete Post   Reply With Quote 
thanks in advance, im not to good at readin' charts.
Posts: 5641 | From: Florida | Registered: Sep 2004  |  IP: Logged | Report this post to a Moderator
keithsan
Member


Member Rated:
4
Icon 1 posted      Profile for keithsan         Edit/Delete Post   Reply With Quote 
i'm not good at slang....?
Posts: 9110 | From: boston, ma | Registered: Jan 2004  |  IP: Logged | Report this post to a Moderator
Ktrain420
Member


Member Rated:
4
Icon 1 posted      Profile for Ktrain420     Send New Private Message       Edit/Delete Post   Reply With Quote 
hey keith, on like barchart it says at the bottom pivot point and resistance etc.....just wonderin' what pivot point means???
Posts: 5641 | From: Florida | Registered: Sep 2004  |  IP: Logged | Report this post to a Moderator
SmokingUSA
Member


Member Rated:
5
Icon 1 posted      Profile for SmokingUSA     Send New Private Message       Edit/Delete Post   Reply With Quote 
Learning Center
Pivot Points

The pivot itself can be used as somewhat of a test price for the short-term trend. The pivot point represents a weighted average of the previous day's session since it is the average of the high, low and settlement. If the market rallies above the pivot point, for example, the market may be indicating some strength. A weak market would be suggested by a price move below the pivot point.

Pivot points are used primarily as support/resistance numbers. Of the first pivot values, the pivot point itself is the best support/resistance level. The 1st and 2nd support/resistance levels have less reliability. All these pivot numbers are very popular on the exchange floors and are used by a significant number of traders. Pivot points are used in our technical indicators.

[This message has been edited by SmokingUSA (edited December 08, 2004).]


Posts: 551 | From: Wisconsinite | Registered: Oct 2003  |  IP: Logged | Report this post to a Moderator
Ktrain420
Member


Member Rated:
4
Icon 6 posted      Profile for Ktrain420     Send New Private Message       Edit/Delete Post   Reply With Quote 
thanks for the info smokin'
Posts: 5641 | From: Florida | Registered: Sep 2004  |  IP: Logged | Report this post to a Moderator
Ktrain420
Member


Member Rated:
4
Icon 1 posted      Profile for Ktrain420     Send New Private Message       Edit/Delete Post   Reply With Quote 
sorry if ya didn't follow me Keith.......READING.........i will spell it out for ya from now on
Posts: 5641 | From: Florida | Registered: Sep 2004  |  IP: Logged | Report this post to a Moderator
keithsan
Member


Member Rated:
4
Icon 1 posted      Profile for keithsan         Edit/Delete Post   Reply With Quote 
Isn't Pivot point basketball, I just dont use the terminology nor have i read about it. I use barcharts for hi lows and volume.
Posts: 9110 | From: boston, ma | Registered: Jan 2004  |  IP: Logged | Report this post to a Moderator
HouseGuest
unregistered


Icon 6 posted            Edit/Delete Post   Reply With Quote 
A Pivot Is A Turning Point....


IP: Logged | Report this post to a Moderator
   

Quick Reply
Message:

HTML is not enabled.
UBB Code™ is enabled.

Instant Graemlins
   


Post New Topic  New Poll  Post A Reply Close Topic   Feature Topic   Move Topic   Delete Topic next oldest topic   next newest topic
 - Printer-friendly view of this topic
Hop To:


Contact Us | Allstocks.com Message Board Home

© 1997 - 2021 Allstocks.com. All rights reserved.

Powered by Infopop Corporation
UBB.classic™ 6.7.2

Share