BS"D

Good morning,

As we anticipated in yesterday's PMTJournal PERSPECTIVE,
" . . . The Bulls now take over, attempting to test the LT Trend
Channel Ceiling (lavender channel lines)."
The Ceiling held, and the entire afternoon scooted sideways at that
Price Level. We managed to eke out a couple or remunerative trades,
and are eager for tomorrow.

Enjoy and be well,

DAILY PIVOT MAGIC TRADING JOURNAL - EXCERPT

"When you speak of success,
you attract success."
Napoleon Hill

******************************

E-mini ES U1
Tuesday June 21, 2011

1= Morning session opens gap-up with an aggressive entry Double Bottom Anomaly (Overnight,
bottom left chart) off the R1.

A = Large white inverted (Bear) Dragonfly candle. Per our stop rules, move the profit-locking
stop under the low of the candle/Free Trade plus. The elongated top wick may be a sign of
failing Momentum. Prepare for a Pivot Scalp exit.

B = DVS (pink arrow), and Price Action stretches to tap on the R2 and retract. That signals a
Pivot Scalp exit. +/- 3.50 points

2 = A 123 at the R2 stalls out.

3 = A 123 atop the R2 for another chance.

C = Pulled in on this white candle. For safety sake, consider moving the profit-locking stop under
the low of the candle.

D = DVS (pink arrow), and Price Action attempts to test the LT Trend Channel Ceiling (Daily,
bottom right chart, lavender channel lines). Per PMT stop rules, move the profit-locking stop
under the low of the candle, locking in nominal profits.

E = Large inverted white Dragonfly through the lavender line. Move the profit-locking stop under
the line.

F = Another inverted white Dragonfly suggests exhaustion. Twin Towers (pink arrow) indicates a
stall on the next candle. Either Pivot Scalp exit, or move the profit-locking stop under the line.

G = White candle above the R3 results a Late-in-the-Move DVS (pink arrow). The position is in
PMT Maximum Profit Giveback (MPG) violation as well. With Momentum clearly exhausted and
no real excuse to move the stop, MPG rules say to exit. +/- 5 points (Feeling brave? Could
possibly stretch it, and move the stop under the R3, only to exit as the next, red, candle
reverses, but definitely don't add contracts on this 2-candle 123!)

Volume diminishing and getting confused, as lunchtime sideways drift ensues at the R3.

EOD closes just barely inside the LT Trend Channel.

PERSPECTIVE
(Daily, bottom right chart
)
Tuesday's large white day candle tested the LT Trend
Channel Ceiling (lavender channel lines). The Ceiling
held.
On Wednesday the Bulls are likely to try again, but the
overall result will probably just be a breather day.

BE PREPARED FOR ANYTHING, AND GUARD YOUR FUNDS!

REMEMBER: Trade the Tape, Not my Prognostics!

Asher
=] ;-)>

Tuesday's PMT Chart: