power pivot points, page-5

thanks will have a read. Is Power Pivots used more by long term or short term trading. As I understand it by days end you calculate the Pivot Point and on the following day if the share price moves up thru it it's bullish and if it drops below it it is bearish. Same case for the Support and Resistance price levels. Does that sound about right?
AS I said earlier JBL Risk Manager introduced it to me, it sounds simple enough and it does all those daily calcs for me and controls how many shares I buy and when I should sell them . I've only had it a little while but seems to make sense and keeps it all simple. A Black Box as I understand it is one that tells you what to buy and when to sell and nothing more. This tells you how many to buy using Money Management and Risk Management when to sell. I use Metastock and Technical Analysis to get me in. Simple enough.