How to Use my Value Levels, Pivots and Risky LevelsValue Level: The price at which to enter a GTC Limit Order to buy on weakness to initiate a new long, add to an existing long, or to begin to cover a short position. The letters mean; W-Weekly, M-Monthly, Q-Quarterly, S-Semiannual and A- Annual.
Pivot: A level between a value level and risky level that should be a magnet during the time frame noted. Risky Level: The price at which to enter a GTC Limit Order to sell on strength to book a profit on long positions, or to build short positions. This article is commentary by an independent contributor, separate from TheStreet's regular news coverage.