thursday trickery, page-117

gann....fair enough. thu because of its lack of momentum, i am going to chance it that we may see another low before it starts its run.

voltaire.....pivot points is one of my favourite simple intraday trading tools (thu, i do use a combination of others as well). whenever the market overshoots the extremes of support and resistance, it will normally gravitate back to support or g. at the end of days like today, it tends to head back to g. - perhaps because it is the natural point where the market can react to euro and the u.s. from a position of safety. anyway, that is my take (in my poorly explained way).