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Old 05-30-2007, 08:20 PM
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Re: YM pivots: fairly useless recently?
You are right notoch... 13500 was a round level in line with the daily R1, 13547 was the gap close level from yesterday and the big gap a few days ago in line with the daily pivot. I am looking for such important levels where more than one support or resist is near the other. James calls them "Clusterzone". Trades initiated at this lines have high odds... Also i am not taking these levels "blind" - i will wait for a small reject when fading or a pullback when trading the breakout.

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