Sunday, May 23, 2010

Pivot Power

Here is a great example of how powerful Pivots Points are. The NDX futures high in April was at the Yearly R1 Pivot(blue circle on the top of the chart on the purple line marked R1). Then it fell fast and hard to the the Monthly S4 Pivot(bottom of chart blue arrow on green line S4). Using a combination of different Pivot Points(yearly, monthly, weekly), my charts show me where the best odds are for market tops and bottoms......... Support and Resistance. This is PIVOT POWER! This is the best tool for trading!