BS"D

Exploit Pit Pivot Points
Daytrading
Learn to Read the Tape
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DAILY PIVOT MAGIC TRADING JOURNAL - EXCERPT

Good morning,

Tuesday's tape provided us with a classic demonstration
of what we call "Pivot Magic", moving like a pinball from
Pivot Point to Pivot Point:

1. Session opened at the Pivot, and

2. Directly dipped to test the Close.

3. Test failed, and Price Action bounced off the Close.

4. Price Action ran up through the Pivot, spun around,
and retested the Pivot with a 123 continuation.

5. Charge continued north until Bulls were stopped cold
at the rock hard ceiling defense at R1.

6. Virtually the entire afternoon slid sideways, pressed
against the underside of the R1.

Too bad there wasn't much profit in it. LOL!

Enjoy and be well,

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Pivot Magic Trading
First rule:
"Any time you don't know what is happening, get out!"
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[SNIP]

PERSPECTIVE
(Daily, bottom chart)

With a Lower High than Monday, Tuesday's large white day
candle is not necessarily a sign that the Failed TTT Corollary
move has initiated. Wednesday will tell.

BE PREPARED FOR ANYTHING, AND GUARD YOUR FUNDS!

REMEMBER: Trade the Tape, Not my Prognostics!

Asher
=] ;-)>

Tuesday's PMT Chart: