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Strategies & Market Trends : Strictly Buy and Sell Set Ups -- Ignore unavailable to you. Want to Upgrade?


To: epicure who wrote (7704)2/3/2006 3:41:14 PM
From: chowder  Read Replies (1) | Respond to of 13449
 
I have marked the price pivots on the accompanying chart. I look for the first pivot to be tested on Monday and then watch for buying.

If the first price pivot is taken out, look for price to seek out the next point.

The pivot high on the daily chart was the point the pit traders were looking to hit yesterday before changing their short bias to long. When the intraday charts broke down, they added to short positions and are still short at this time.

We'll see what happens at the first price pivot.

stockcharts.com[h,a]daclyiay[d20051103,20060203][p][vc60][J68715489,Y]&listNum=1

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