Buy and Sell Points (SNDK)

[Mojo]

SanDisk Introduces 8-Gigabyte SanDisk Extreme III with the new TakeTV an online video service and a USB flash drive that can carry television programs and videos from a computer for playback on TVs. Fanfare is here

SanDisk sues 25 companies to enforce patents…[filed three patent infringement actions on Wednesday against 25 companies that make, sell and import USB flash drives and other products.]

We just bounced off the $41.21 support line and with the bullish pivot point at $43.67 I would say if it stays over this line we are at the start of a new bullish up flow.

Blog with charts SNDK: :idea: here (http://modj97-predictwallstreet.blogspot.com/2007/10/buy-and-sell-points-sndk.html)

[Luc1Grunt]

Hey Mojo, great first post. 8O

Aside from your first post pushing a link, how are you working intra-day swings? Lots of action there.

[Mojo]

By using the spreadsheet it is like taking candy from a child. 8)

I try to get the pivot points, support, and resistance numbers updated daily....and with the 700+ "Mojo Crossover" list updated on the weekends.

It is a great place to make money!

I do not have a place to let people know of a new start of a swing play on each stock...but we get a lot of them. :) Just keep an eye on the lower support numbers on the spreadsheet for your stock. If I do not have one of yours let me know and I will add it.

I can post it too!

Mojo

[Luc1Grunt]

Post it.

Are you talking daily, weekly, monthly S/P/R?

Here's a link for daily pivots.

www.mindovermarket.com/mindovermarkets/pivot.asp?SYMBOL (http://www.mindovermarket.com/mindovermarkets/pivot.asp?SYMBOL)

Does your spreadsheet update with intra-day data? If so, that may save a little time doing calcs. The above is EOD only. and is classic calc and no more.

[Mojo]

Using your link this is what they have on SNDK:


SNDK levels for today

5 Day Average Volume: 22,780,000

5 Day Average Range: 2.79

Pivot Point: $41.91

As you can see the pivot point is only off by about $2.00 that is why they are for FREE.

[Luc1Grunt]

It is not a matter of "them" being free. It is simple math and the site does the calculations with each stock you type in. The site is among hundreds that do the same thing.

It saves you time doing the manual calculations.

There are more than 1 way to get pivot points, so saying "they" are off by $2.00 is absurd. I've used pivots for years and have never seen something off by $2.00 on a daily scale...especially SNDK....how could that range be traded?

"They", you assume are fighting for your business. "they" are not. Pivot point calculations are MATH....not a sales technique or gimick.

I ask how are you getting those pivot points (intra-daily-weekly).

A pivot point is only effective IF you know how to trade. You also have to understand how price and volume effects the s/r/p's.

Not getting into a pissing match, but your premise on a better "pivot" is drawing my questions. Woody, Classic, on and on.

[Luc1Grunt]

Using your link this is what they have on SNDK:


SNDK levels for today

5 Day Average Volume: 22,780,000

5 Day Average Range: 2.79

Pivot Point: $41.91

As you can see the pivot point is only off by about $2.00 that is why they are for FREE.

What scale is your pivot based on? Cannot be daily because the ADR of that particluar stock would hold pivots and S/R well out of range.

I will understand iof you are talking a weekly or monthly.....you may have confused my questions. Grunt

[Luc1Grunt]

Also, sorry i do not access blogs or unknown links on this particular machine so I may be the one off-base if your sheet answers my questions. :p

[BuyOnDips]

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http://www.anythingbutipod.com/archives/2007/10/sandisk-sansa-clip-review.php

http://www.bestbuy.com/site/olspage.jsp?skuId=8553834&type=product&id=1188561248598

[microhedge]

Also, sorry i do not access blogs or unknown links on this particular machine so I may be the one off-base if your sheet answers my questions. :p

Well I did Luc1, its just as you would suspect, generic information that is found for free elsewhere.

Off the cuff, I would suspect, as I think you do, that his marketing take is to be off the pivot points enough to get the suckers to question themselves and their math or other sites such as mindovermarket.

In the end, it is basically a site set up as an affiliate collect-per-click haven... its true sole purpose.

[Luc1Grunt]

I'm not challenging the site, I just asked a couple questions.

On the link I posted....I do not use it other than the pivot calc for info. It does the math for me on a daily scale.....too easy, easy tool.

Trading pivots is great...it is yet another piece to a system. I always have pivot/support/and resistance numbers handu during all trades....they are an additional consideration./ You have to know how to trade first, but like any indicator or chart pattern, pivots are another tool.

This is standard math:

Classic Formula

R4 = R3 + RANGE (same as: PP + RANGE * 3)
R3 = R2 + RANGE (same as: PP + RANGE * 2)
R2 = PP + RANGE
R1 = (2 * PP) - LOW
PP = (HIGH + LOW + CLOSE) / 3
S1 = (2 * PP) - HIGH
S2 = PP - RANGE
S3 = S2 - RANGE (same as: PP - RANGE * 2)
S4 = S3 - RANGE (same as: PP - RANGE * 3)

Woodie Pivot Points

R4 = R3 + RANGE
R3 = H + 2 * (PP - L) (same as: R1 + RANGE)
R2 = PP + RANGE
R1 = (2 * PP) - LOW
PP = (HIGH + LOW + OPEN + OPEN) / 4
S1 = (2 * PP) - HIGH
S2 = PP - RANGE
S3 = L - 2 * (H - PP) (same as: S1 - RANGE)
S4 = S3 - RANGE

*OPEN = TODAY'S OPEN

Camarilla Pivot Points

R4 = C + RANGE * 1.1/2
R3 = C + RANGE * 1.1/4
R2 = C + RANGE * 1.1/6
R1 = C + RANGE * 1.1/12
PP = (HIGH + LOW + CLOSE) / 3
S1 = C - RANGE * 1.1/12
S2 = C - RANGE * 1.1/6
S3 = C - RANGE * 1.1/4
S4 = C - RANGE * 1.1/2

The midpoint is obtained by simply dividing the pivots by two.

Now, important to remember is the timeframe you are using this for. If it is for a month, pull the monthly HLOC data, daily same thing.

I think we are pole-vaulting over mouse turds here. Grunt :mrgreen:

[Mojo]

There are more than 1 way to get pivot points, so saying "they" are off by $2.00 is absurd. I've used pivots for years and have never seen something off by $2.00 on a daily scale...especially SNDK....how could that range be traded?



If you took the time to look you would have see that you can read my pivot point very clearly...and I just posted [We just bounced off the $41.21 support line and with the bullish pivot point at $43.67 I would say if it stays over this line we are at the start of a new bullish up flow.] a message 5:30 AM EST this morning.

The one you talk about [http://www.mindovermarket.com/mindovermarkets/pivot.asp?SYMBOL=sndk&submit1=Get+Pivots] pivot point is $41.91 and my number is $43.67 which looks like about $2.46 off.

SNDK Blog: SNDK (http://modj97-predictwallstreet.blogspot.com/2007/10/buy-and-sell-points-sndk.html)

[Luc1Grunt]

You have not read or are not understanding my simple questions.

I cannot dumb-down any further.

I said I would not access a blog on this machine, so I asked a simple question...of which you did not answer.

No replies necessary.

Good luck to you.

[Luc1Grunt]

If you took the time to look you would have see that you can read my pivot point very clearly...and I just posted [We just bounced off the $41.21 support line and with the bullish pivot point at $43.67 I would say if it stays over this line we are at the start of a new bullish up flow.] a message 5:30 AM EST this morning.

The one you talk about [http://www.mindovermarket.com/mindovermarkets/pivot.asp?SYMBOL=sndk&submit1=Get+Pivots] pivot point is $41.91 and my number is $43.67 which looks like about $2.46 off.

SNDK Blog: SNDK (http://modj97-predictwallstreet.blogspot.com/2007/10/buy-and-sell-points-sndk.html)

Could not resist.

I believe your support line is now resistance. :oops:

[Mojo]

Well I did Luc1, its just as you would suspect, generic information that is found for free elsewhere.



Well, you did what?

I suspect, you did not take the time to look over this sheet....and please show me one place that has this information free elewhere!8)


Spreadsheet (http://spreadsheets.google.com/pub?key=pg4VxbLoak_QnIxHq8sOgVg&output=html&gid=8&single=true)

[microhedge]

I think we are pole-vaulting over mouse turds here

Good lord that's funny!!!

[netwrangler]

Using your link this is what they have on SNDK:


SNDK levels for today

5 Day Average Volume: 22,780,000

5 Day Average Range: 2.79

Pivot Point: $41.91

As you can see the pivot point is only off by about $2.00 that is why they are for FREE.

Well I did Luc1, its just as you would suspect, generic information that is found for free elsewhere.

Off the cuff, I would suspect, as I think you do, that his marketing take is to be off the pivot points enough to get the suckers to question themselves and their math or other sites such as mindovermarket.

In the end, it is basically a site set up as an affiliate collect-per-click haven... its true sole purpose.FWIW: I tend to ignore folks who "shout" at me with large bolded fonts. If the message is that good, a normal tone-of-post should suffice. :roll:

[netwrangler]

....

Trading pivots is great...it is yet another piece to a system. I always have pivot/support/and resistance numbers handu during all trades....they are an additional consideration./ You have to know how to trade first, but like any indicator or chart pattern, pivots are another tool.

....

I think we are pole-vaulting over mouse turds here. Grunt :mrgreen:Well, at least two good things came from this thread:

We got a great summary of the math that goes into pivot points — listed in the unexpurgated version of Grunt's post, quoted above.
We got a great one-liner — clearly superior to the [now] trite concept of pounding carpet tacks with sledge hammers.
And, why yes, our band does do "Keep On The Sunny Side." :lol:

[netwrangler]

Investopedia has a brief primer on Using Pivot Points for Predictions (http://www.investopedia.com/articles/technical/04/041404.asp)

[Luc1Grunt]

Net, I'm still humming "Keep on the Sunny Side"

Big support level breached. I agree with the OP that a punch through the new "resistance" could mark a change in trend, however, I'm still questioning the "pivot point" issue....must be on a longer term unless you are referring to it as the major support line???? Please do not answer.

Two days closing below support (now resistance). That line will be tested and could produce many opportunities for longer term plays. SNDK is always a great intra-day trade with it's volume, ADR, and volatility.

Pardon the archaic graphic.....hard to share the actual drawn charts...still working that.

[aiki14]

FWIW: I tend to ignore folks who "shout" at me with large bolded fonts. If the message is that good, a normal tone-of-post should suffice. :roll:

I could not agree more, want to be heard? Whisper

[Mojo]

Those who bought at $39.76 nice play! 8) [up again today 2.66%]

The basic formulas for Pivot point and resistance - support levels. The intervals can be changed. Day traders prefer daily, swing traders weekly, and position traders monthly. I use all three...

Spreadsheet...here (http://spreadsheets.google.com/pub?key=pg4VxbLoak_QnIxHq8sOgVg&output=html&gid=8&single=true)

(New to this forum... last week i did not see all the pages that went with this thread):oops:

[Luc1Grunt]

SanDisk Introduces 8-Gigabyte SanDisk Extreme III with the new TakeTV an online video service and a USB flash drive that can carry television programs and videos from a computer for playback on TVs. Fanfare is here

SanDisk sues 25 companies to enforce patents…[filed three patent infringement actions on Wednesday against 25 companies that make, sell and import USB flash drives and other products.]

We just bounced off the $41.21 support line and with the bullish pivot point at $43.67 I would say if it stays over this line we are at the start of a new bullish up flow.

Blog with charts SNDK: :idea: here (http://modj97-predictwallstreet.blogspot.com/2007/10/buy-and-sell-points-sndk.html)

Mojo, great job......but how did you get the buy in at the 39 level as per your previous post?

The stock actually broke the above quoted support of 41.21 and has not broken the above stated 43.67.

So, I guess I'm wondering how a buy signal came in at the 39 level?

Also, any chance you will respond to my request for the calculation timeframe of your "pivot" point? And what determines a "bullish" pivot?

Just trying to learn something.

Nice job on SNDK.....

[Mojo]

Mojo, great job......but how did you get the buy in at the 39 level as per your previous post?

The stock actually broke the above quoted support of 41.21 and has not broken the above stated 43.67.

So, I guess I'm wondering how a buy signal came in at the 39 level?

Also, any chance you will respond to my request for the calculation timeframe of your "pivot" point? And what determines a "bullish" pivot?

Just trying to learn something.

Nice job on SNDK.....

If you get a change to look at my blog post (http://modj97-predictwallstreet.blogspot.com/2007/10/buy-and-sell-points-sndk.html) (with your other computer) you will find the two charts that I used. I was up 1% that day and it started to look bearish and sold with the others. I was one day to fast with my post...using the news with the Pivot point and resistance - support levels.

The "bullish" pivot or what I call the "Mojo Crossover"....sorry, but I do not give out the calculations that I use for this crossover. :?

The other intervals that day traders prefer daily, swing traders weekly, and position traders monthly are just like what you had posted last week...good job with that info!

I am going kind of fast today we can talk more about this later. I have a lot more easier charts to read then this one on SNDK...with the current resistance at $42.70 and pivot point at $41.03 today.

Can you look at Youtube (http://www.youtube.com/watch?v=WfxgniFjwN0) with your PC that you are using today. You will find over 100 of my bullish and bearish plays for 10-29-07. 8) Blog post for Sunday 28th here (http://modj97-predictwallstreet.blogspot.com/2007/10/mojo-crossover-buy-and-sell-points.html).

[SNDK up 3.32% at $42.38]
Mojo

[Luc1Grunt]

I'll take a look at the blog.

I shut mine down (blog) 8 months ago as I could not keep up with it intra-day.

Good luck.

[Mojo]

I'll take a look at the blog.

I shut mine down (blog) 8 months ago as I could not keep up with it intra-day.

Good luck.

Hey you too:!:

We both know luck does not work with stocks.:lol:

hahaha I know what you mean... being disabled helps me a lot! [I have a lots of time on my hands to make money!]:idea:

You can find me...here (http://www.mailonpix.com/images/0b915f5d704275bb0c4f9e174511de33.gif)

[Mojo]

Could not resist.

I believe your support line is now resistance. :oops:


My new chart on SNDK 8)here (http://img.imageloop.com/slideshow/db4a22da-146d-166e-8714-0015c5fcf7da/content/066df2a9-59c9-1830-8db8-0015c5febdc7_1193686451142,rh750/image.jpg)

[Mojo]

Resistance is now at $43.99 with the money flow moving up we will see $45 soon.