SNSN schreef op 25 juli 2013 10:02:
[...]
Yes,
It is the PP level - which determines (day) sentiment (for today PP=1.906)- if prices are above PP - it's positive, and otherwise....
M - points usually considered as "crucia"l decision" points. Those levels determine if prices could move (for M+) towards R1-level, or back to PP level... The same is for M++ which relates resistances R1 and R2.
For M- & M-- the picture is a mirror reflection (changing R1/R2 to S1/S2)
It's important that almost all day traders (and other active participants, including "computer trading codes") use PP/R/S/M levels....
The exact figures for today may be found in old writing (before 9 am)