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Maybe it's related to the "Draw enough Fib lines factor":
Draw enough lines on a chart, and the market is bound to bounce off one of
them.
"Draw enough pivot lines, and....."
> -----Original Message-----
> From: Johan Revor [mailto:johan_revor@xxxxxxxxxxx]
> Sent: Friday, April 26, 2002 11:47 AM
> To: omega-list@xxxxxxxxxx
> Subject: Bounce off Floor Pivots S2 ?
>
>
> Interesting ND futures has just bounced up off YESTERDAY'S S2
> floor pivot at
> 10:00 CST and S&P Futures has just bounced within ticks of
> today's S2 floor
> pivot at 10:00 CST ---- geez, I wonder if that is a coincidence ?
>
> Johan
>
>
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