Pivotal point

pivotal point is very important because it is usually the start and end point of both the trap-zone and the money-making zone.

I classify pivotal point as three kinds:
  1. bullish pivotal point
  2. bearish pivotal point
  3. trap pivotal point
Today's market action tells us last week's pivotal point is a trap pivotal point, therefore, the UP wave has not done yet ... that's why I say we need the reconfirmation today for the shaping of the down trend....

See the chart below for more details

at 8/03/2009 09:08:00 PM

3 comments:

  1. AnonymousAugust 4, 2009 at 9:18 AM

    thanks

    ReplyDelete
  2. AnonymousAugust 4, 2009 at 9:38 AM

    When most stocks GAP OPEN without a good reason, then hold as a line for the day is a selling sign

    ReplyDelete
  3. AnonymousAugust 4, 2009 at 12:04 PM

    I did learn a lot from here. --yy

    ReplyDelete

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