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

Good morning,

Once again we called it in yesterday's PERSPECTIVE:
"Price Action has stalled for a breather at the Historical S/R (green line). It will
take some good news to generate a sufficiently serious assault to permanently
cross above, so expect a probable dip instead . . . "

Really, I'd rather have had a decent trade and scored some points , but at least
we were right!

E-mini
Wednesday March 26, 2008

. . . [SNIP] . . .

PERSPECTIVE
(Daily, bottom chart)

As we anticipated, Price Action was repelled by defenses at the Historical S/R
(green line). Even though Wednesday's descent was halted at the ceiling of the
recently exited LT SW Channel (lavender channel lines), the tape now displays
a Doji Sandwich pattern, implying probable Channel re-entry on Thursday.

So much for the flawed Fed plan. Hah!

REMEMBER: Trade the Tape, Not my Prognostics!

Asher
=] ;-)>
Pivot Magic Trading Course
http://www.TradingThingys.com

Wednesday's PMT Chart: