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Pivots Working Nicely
- Thread starter waggie945
- Start date
When volume is low and locals have the last word, perhaps Pivot Levels work best.
Quote from waggie945:
Another day where the S1 ( 978.50 ) and the R1 ( 992.25 ) may out the morning lows and highs.
Reverse of yesterday, which also found resistance at the R1 and support at the S2.
Agreed -- and R1 very close to yesterday's high. Was long from the AM and jumped out w/ nice gain as spoos approached the 992 level.
If you have not seen this site you will love it! I watch it everyday.
http://www.programtrading.com/buysell.htm
http://www.programtrading.com/buysell.htm
Check out www.capitalberkeley.com for a system based on the same idea --trading the pivots on slow days. I don't think it's one of their public systems, but I know two guys who use it out here (probably a private deal or something) and it's worked well in the past few months. Don't know the long-term performance on it though, sorry.