Monday, 5 December 2011

FREE stock quote
Good Morning Everyone!
  The next minor pivot is scheduled for Dec. 8th. So for now the market is only good for a day trade. On the 8th you trade a break out or a slight correction till Jan. 5th. 
   Jan. 5th is a scheduled pivot point as well as the 3 rd week in jan. 2012 but we are getting too far out at that point, one pivot point at a time. 
   To go long here TOOO MUCH RISK, a simple day trade could work depending on the set up. Look at the solid candle, usually but not always a top.
Pivot point summery December 8th, December 16th, January 5th, January 20th

Happy trading,
The Wizard

No comments:

Post a Comment