BS"D

Following an extra-ordinarily long, thin line trend, Bull run, the tape finally
presented us the Bear breather day we have been anticipating. Satisfying as that
may be to the TA in us, although Thursday was a very interesting day, once again,
it was not a particularly profitable one.

TGIF!!!
and
A Happy Good and Sweet New Year to All

Enjoy and be well,

******************************
DAILY PIVOT MAGIC TRADING JOURNAL - EXCERPT
******************************

E-mini
Thursday September 17, 2009

Morning session opens with a strong 123 Continuation Anomaly through the Close (Overnight, bottom left chart).
We don't enter Anomaly "S" Signals, so we missed a lovely run up, through the green line (Daily, bottom right
chart, middle LT Trend Channel line) and R1.

1 = A doozy of a spike-through reversal off the R1 (blue arrow). Even if the move proves, the Price Window
to the nominally proven Close is too small to enter.

The giant red Bear Dragonfly converts to a Double Top (orange arrow). With enough time to recover from the
first failed signal, an aggressive entry makes this a Pivot Scalp trade for the quick and the brave. Initial
stop advances above the green line (approximate location).

A = DVS (pink arrow) generates a giant red candle, closing in the "green fog" Ambush Zone. This candle puts
the position in violation of Pivot Magic Trading Maximum Profit Giveback (MPG) rules. Mental stop at Giveback
level leaves us prepared for a Pivot Scalp exit at first sign of a stall at the Close Support.

B = Large red Bull Dragonfly spikes through the Close. As Price Action pulls back into the fog, execute the
Pivot Scalp exit. +/- 3.25 points

3 = Volume diminishes (plum line), providing no confirmation of the 2-bar (which is not a self-confirming pair
either) off the Close. We wait.

4 = Clean spike 2-bar Reversal leaves a minimal Pivot Scalp Price Window, with gravity and the rubber band
making this early lunchtime entry a reasonable (good R:R) one.

C = Pulled in on this large red candle. Personally, after a week of pain, I'd be very aggressive, and, at the
close of the candle, move the stop to "free trade".

D = Failed test of MA. Per PMT stop rules, move the profit-locking stop above the MA.

E = DVS (pink arrow, exhaustion symptom) drives a large red candle to spike through the Close and retract.
By the second spike-through and retract (next, white, candle) even the more wishful thinkers amongst us Pivot
Scalp exit. +/- 3 points

5 = Even the high Volume (DVS, pink arrow) isn't enough to entice us to enter away from the Close on an "S"
signal during lunchtime.

6 = This retest/Reversal is much more enticing, but the Price Window to the (always considered proven) Pivot
is just too tight to enter.

7 = Several possible Reversal Signals tape off the Pivot, but lunchtime Volume leaves the moves' potential
unconfirmed.

8 = Here's even that "P" Signal that's an "S" Signal off the MA oddity, but the Volume indicator remains
asleep, and we remain on the sidelines.

9 = The clock shows the end of the PMT day for entries, as the tape presents a nice Doji Sandwich tight
enough to the Close to leave a tradable Price Window to the Pivot. No Volume, and no move ensues.

The day closes back in the fog, right where it opened, for a zero net Price-change day.

PERSPECTIVE
(Daily, bottom right chart)

After nine white candles in a row, the Bull trend pauses with a
Bear breather candle, a Doji testing the (expanded) LT Trend
Channel mid-line.

Trading interest will dim early Friday.

BEWARE OF TRAPS ON FRIDAY

REMEMBER: Trade the Tape, Not my Prognostics!

Asher
=] ;-)>

Pivot Point Daytrading Course
http://www.tradingthingys.com/PMTJ/Commodity%20Day%20Trading.html

Thursday's PMT Chart: