The above chart shows how yearly pivot points stopped the rallies and caught the crashes over the past 15 years.The all time high in 20007 was at YR2. The low in 2008 was on YS2. The low in 2009 was on YS1. In 2010 the low was on the yearly Camarilla L3. In 2011 the hi was YR1 and the low was YS1. Every major high or low was STOPPED at a year pivot point. The 15 yr. $INDU and $SPX index charts look the same as this $OEX chart.
Trading is a visual game. Buy support and sell resistance. In my 17 years as a trader, I've learned where support and resistance using a combination of MPG. I take Pivot Point analysis to a another level. Join my new Pivotalpivots.com Alert service. Follow me on Twitter @mpgtrader. Or click on the MPG Trading link below, and join myself and other MPG Traders live(during market hours).
1) Protect your capital 2) see rule #1 3) don't trade what you think, just trade what the charts say 4) use stops on all orders 5) never let a winner turn into a loser 6) never buy R2 7) never short S2 8) 3 losing trades in a row= strike 3.......shut down the computer for the day. Something is wrong in my head!
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