CBOT DOW pivot points

[notouch]

What do most traders use for the close in their pivot point calculations? Is it the time the NYSE closes (which I believe is 1600 or 1615 EST) or is it the time the CBOT closes (1700 EST)? Cheers.

 

[nkruger]

Dow Pivot Points

What do most traders use for the close in their pivot point calculations? Is it the time the NYSE closes (which I believe is 1600 or 1615 EST) or is it the time the CBOT closes (1700 EST)? Cheers.

I've always used the Wall St. close for working the next day's trading - it's the figure that is widely used in the UK by the FT, BBC, Bloomberg etc.

I have been given the software to calculate the next trading day's pivot points but have not really used it as I found it to be way off the mark the few times I did work it out. Are you using it ? And do you find it accurate/useful ?

Nick