Can anyone explain how one can determine Pivot points in a market index or a stock?
Jesse Livermore used these but I fail to understand how one realizes one is upon a Pivot Point as soon as it is reached (one can easily see them much after the fact on any chart).
Can one look at nasdaq to determine if there have been any recent Pivot Point indicators? Again, how does one actually determine (when it is happening) that a Pivot Point has been realized?
thanks,
Mike