After many requests I’ve asked Michele Schneider, Director of Education and Research for MarketGauge.com and producer of Mish’s Market Minute back to enlighten us with a new video blog on timing. Watch as Michele shows you how key reference points such as 3 Day Pivot Lows and Floor Trader Pivots, give you opportunities to identify when the big moving stocks are oversold. Tracking these reference points allows you to take advantage of buying great stocks with very little risk.
Timing Your Way Into Big Moving Stocks
October 8, 2009 By
I don’t understand what she means by Floor Trader Pivot which I didn’t hear defined in the video? Please advise.
Thanks
Susanne
Susanne,
Types of Pivots
A calculated pivot, often called a floor trader pivot, is derived from a formula using the previous day’s high, low and closing price. The result is a focal price level about which price action is likely to turn, either up or down.Calculated pivots represent potential turning points in price, while price pivots are actual historic turning points.
YOu can research more about this by checking out investopedia.com
Thanks,
michele