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Old 04-11-2007, 02:17 PM
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Re: If you have time for this.

Yigal, you usually get a better response if you use the title to describe your post instead of just "If you have time for this" which could be anything. As for today's trading, your problem may be that you're seeing pivots as a Holy Grail but to be useful they have to be part of holistic approach to trading. Yesterday we had a very narrow trading range so the pivots were very close together - too close together to provide meaningful support. Breakouts often follow narrow ranges and this was especially likely today because of the FOMC minutes.

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