BS"D

Learn to Read the Tape
and Exploit Pit Pivot Points

KISS Daytrading Course
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PIVOT MAGIC JOURNAL - EXCERPT

Good morning,

Large enough range Wednesday that even the small PMT bite
on the return trip was worth waiting for. Commentary today
is short and sweat. Thursday is anybody's guess!

Be well,

=] ;-)>

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BS"D

Pivot Magic Trading
First rule:
"...Any time you don't know what is happening, get out!"

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E-mini
Wednesday December 19, 2007

. . . [SNIP] . . .

2:00 BBs are back, and a Twin Towers DVS pair drives Price Action to achieve
a virtual hit on the 62% Retracement (Daily, bottom right chart, dark red line).
The sudden Twin Towers warned inveterate PMT tape readers that this was a trap;
that a stall/sag/retracement was coming - it was a doozy!

4 = Powerful "S" 123 of the Pivot. Volume is strong, confirming the signal.

A = Pulled in, breakaway gap, and a giant white candle explodes to the Close.
Instant violation of our Maximum Profit Giveback rules.
Mental stop at Giveback level.

B = Always hate stalling in the "green fog" ambush Zone, but this Black Volume
Bar of Death (middle chart) clinched it. Exit Now! +/- 9 points.

For the balance of the day, Price Action struggled sideways, untradably, in and
out of the "green fog".

REMEMBER: Trade the Tape, Not my Prognostics!

Asher
=] ;-)>
Pivot Magic Trading Course
http://www.TradingThingys.com

Wednesday's PMT Chart: