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Re: Pivot Points - John F. Carter
one key thing with pivots is that the first test of a pivot USUALLY will hold. carter claims this, and i have found it to be true. and you will get at least a 5-8 pt bounce (on YM).
the first test of a pivot level is practically a 'gimme trade'. it's a higher probability setup.
of course, you have to watch market internals, but a good general rule is to take the first test of a pivot level if market internals are not saying otherwise
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