Help me find the Formula

Bill

I am a commodity trader in Chicago. I have come across a service that provides support and resistence numbers that can be used to get a sense of where the market will slow or stop on the way up or on the way down. These support and resistence numbers are derived directly from the previous day's high, low and closing prices. Let me give an example: Using tody's high, low and closing prices, the following was derived: HIGH OF 9813.5 LOW OF 9805.5 CLOSED AT 9813 6TH RESISTENCE 9834.5 5TH " 9827.5 4TH " 9822 3RD " 9817.5 2ND " 9814.5 1ST " 9812.5 PIVOT POINT 9810.5 1ST SUPPORT 9809.5 2ND " 9808.5 3RD " 9807 4TH " 9804.5 5TH " 9801.5 6TH " 9797.5 The best way to begin to figure this out may be to determine how the high, low and close are mathematically combined to come up with the "pivot point". Let me also say that Fibonacci may somehow be involved. Can anybody solve this for me? Thank you.

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