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Old 07-01-2007, 06:38 PM
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Re: Pivot Points - John F. Carter

If you find a confluence of other indicators with the important pivot levels such as fibs or S/R levels, then there is higher probability the pivot will hold (at least more than pivot without other indicators support that same area). I tend to use pivots with a grain of salt. But if it coincides with fib levels and HLOC of previous day, week, month, then chances are better.

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