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John Dundee wrote:
>
> Hi Gang,
>
> Noteworthy:
> Market continued moving lower trading between pivot and S1 . Pivot moved
> lower for 5 days.Average daily range moving lower to 30 tics. Daily stoc
> moved lower for 3 days. OBSI short term overbought. Weekly pivot moved
> lower. Weekly OBSI oversold. Next week is refunding auction with 35
> billion in new supply. Market has been moving lower into the refunding.
> Should find good support at S3 119-25 or higher.
> Good Trading
> JD
JD,
How do you interprete daily pivot movement?
What does it tell you when the pivot of today and previous day are very
near each other? ie 8-16 ticks?
What is your expectation when the R's and S's get narrowed down? How do
you set up your expectations for the particular market to move in a
narrowed context?
Pivotly speaking :)
Don
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