Wednesday, September 29, 2010

One of my $DJI charts is showing the Dow Jones low in July and for 2010 was on the Yearly S1 Pivot(lower blue circle). It also shows the April high was at the Yearly R2 pivot(blue circle). Now the Dow is hitting it's head back at the Yearly R1 Pivot(top blue circle) at 10861. Do ya think smart money was selling in April at the YR2 Pivot, then buying at the YS1 Pivot and now is selling here @the YR1 Pivot? I do. I'm looking for a 4-5% pullback sometime in October.