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[RT] MSFT Update



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Realtraders,
On my web site I publish a free forecast of turning points for a market one
quarter in advance. This quarter the market was Microsoft.
For June, the original dates published were 6/and 6/12-13. During the
quarter, additional dates are forecast based on market structure that has
evolved since the beginning of the quarter. These additional dates were
6/10, 6/23 and 6/27.
The 6/2  date forecast the 6/4 high and decline to 6/9. The 6/10 date marked
the 6/9 low and up move to 6/12-13. 6/12 marked an intra-day high  that
ended on 6/13. 6/13 was actually an outside day reversal and is recorded as
a loss trade in my accounting.
The next dates to watch are the 6/23 and 6/27 dates.
So far this quarter, 6 of the 9 dates forecast would have been traded for a
profit using the pivottrading methodology, 2 for a loss and 1 for no trade
entry.
Each quarter I request a suggestion for a market to forecast for the next
quarter. I will not repeat a market so the QQQ's and MSFT are out. If you
have a suggestion for a market to forecast, please send it to me. The
forecasts are published near the beginning of the quarter.

Regards,

Jim White
PivotTrader.com
Home of the Near Impulse Forecaster


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