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Strategies & Market Trends : TA Science Projects & Experimental Indicators

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To: ftth who wrote (83)	2/19/1998 11:39:00 PM
From: ftth	of 237

[TA QUOTE OF THE DAY] --------------on pivot points:------------------ The study of pivot points is fascinating almost beyond belief. You will find a golden field for personal research. You will derive a singular pleasure and satisfaction from successful trades based on your own judgment. You will discover that profits made in this way are immensely more gratifying than any which could possibly come from the tips or guidance of someone else. If you make your own discovery, trade your own way, exercise patience, and watch for the danger signals, you will develop a proper trend of thinking. Every time I lost patience and failed to await the pivotal points and fiddled around for some easy profits in the meantime, I would lose money. When a speculator can determine the pivotal point of a stock and interpret the action at that point, he may make a commitment with the positive assurance of being right from the start. Bear in mind when using pivotal points in anticipating movements, that if the stock does not perform as it should after crossing the pivotal point, this is a danger signal which must be heeded. --Jesse Livermore

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