Monday, February 25, 2013

Mr1 to Mpp?

per last week, target is 1478....the monthly Pivot Point(MPP). The Central pivot point(P) is where price is the most fair for that period(ie: monthly P, Daily P, etc). Picture a bell curve.....When price swings to support pivots(S1234) or resistance(R1234), is usually comes back to the middle ie: the central pivot(P).

I'm out of town this week. I'll be back next week. trade safe!

UPDATE:  charts updated on Feb. 26th