Friday, March 27, 2009

Microsoft plays monthly pivots

Microsoft found support on monthly S1 at $14.90(blue circle, green line S1), and has bounced up to monthly R1 $18.74(blue circle , green line R1).
Monthly pivots give swing taders great odds! buy S1 - sell R1 ......pivots give traders entry and exit targets.
S stands for Support
R stands for Resistance