Re: [RT] Low pivot

["Jim White" <jwhite431@xxxxxxxxxxx>]

This is a follow up to the earlier post.

After the markets closed the range had expanded and BUY signals fired on all major indexes. Also, every night I monitor the buy/sell signals for the NDX 100 and DJIA 30. There are an overwhelming number of buy signals in these two indexes. This suggests that a large percentage of the tradable equities are in a position to rally.

 

Jim White
Pivot Research & Trading Co.
PivotTrader.com

----- Original Message -----

From: Jim White

To: realtraders@xxxxxxxxxxxxxxx

Sent: Wednesday, January 21, 2009 10:51 AM

Subject: [RT] Low pivot

Today and tomorrow are Near Impulse dates for the major indices and trend change warnings are flashing on all daily charts. I expect a low pivot and  upward movement out of this pivot.

Experience has shown that less likely alternatives are a change to sideways movement or an acceleration to the bear trend. Right now this is shaping up as a low range day so if it continues, low risk entry points should be available tomorrow.

 

Jim White
Pivot Research & Trading Co.
PivotTrader.com

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