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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives
SPY 694.04+0.7%4:00 PM EST
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From: expiredoptions2/6/2013 3:20:26 PM
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Don't make fun of my Pivot Points, they work on anything. They have been used since the beginning of
time by floor traders.
This morning I said the 10th five minute bar closed near the Pivot Point (brown line).
The rules say, if the 10th bar closes at or near the PP, the market finishes at or near the PP.
Look at the chart below with 42 minutes left before the close. Its been below the PP and above
the PP all day, but now look where its closing at?

[-------------------------------------------------Feb 6, 2013------------------------------------------------------]
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