Tuesday, December 1, 2009


AIG this year, has played off the yearly pivots(purple lines, and blue circles) to perfection. Why did buyers show up last March, when AIG went down to the S2 pivot at 6.40? Why did sellers come out 2 times this past fall, and sell AIG right at the R1 pivot at 53.6? Is it possible that smart money / market makers are using Pivot Points? Or is it just a coincidence? If you think the latter, you should not be a trader!