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Norm,
The best explanation of pivot points and their use that I've seen can be found at
http://news.bridge.com/NEWS/gfiv4_10.html I particularly find it helpful to
keep them in mind when setting stops. Using pivot point support and resistance
has really helped me fine tune entries and exits. They seem to be more effective
in some markets than others. Before relying on their use in any market, I'll
usually scan how effective they've been at critical turning points in the recent
past. If they don't seem to be effective, I assume that the floor traders in
that particular market don't rely on them as much, and therefore I don't.
Bob Hunt
NPedersen@xxxxxxx wrote:
> Please excuse my ignorance but what are "pivot points" and "support and
> resistance pivot points?" I know what support and resistance means but not
> with respect to "pivot points." I have a large reference library on trading
> but can't find anything on this.
>
> I have seen enough references to this that it must be something useful.
>
> Thanks,
>
> Norm
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