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BS"D

RULES AND CAVEATS

Pivot Magic Trading Course
First rule:
"...Any time you don't know what is happening, get out!"

http://www.TradingThingys.com

MARKET IN REVIEW - LITE
Tuesday (27 September 2005)
_____________________

Tired out Tuesday Too! Market is still awkwardly
poised for a Bull charge, but the longer it
"breathes" the more likely a preceding Bear strike
becomes.

***********************

1 = Morning session opens at the Close and continues from Monday's
close with
multiple hits on the Pivot (10-Minute, bottom left chart).

Ideal entry was pre-emptive, when the powerful red candle exits the
"green fog"
on massive Volume. For extreme risk-conservation, place initial
stop-loss
above MidM.

A = Failed test of MA. Per our rules, move profit-locking stop above
the MA.

B = Doji Spike Sandwich stretches to the S1. Volume fades (middle
chart) as
the BBs go off to lunch. Drift to the Pivot unlikely, but our stop is
in danger.
This constitutes an "Exit Now" rather than a reversal signal. 2.75
points

2 = Failed TTT/DT Double-bottom at the Low, just in range of the S1.
Volume
resumes slightly as it is time for BBs to start returning from lunch.
Beautiful
white Bull Dragonfly on the 10-Minute (bottom left chart) confirms. The

turnaround from the TTT clearly is an imminent retest of the Pivot.
Ideal entry
as the white Marubozu clears the high of the red candle and crosses the
MA.

C = Failed test of MA. Move profit-locking stop under MA, "free trade".

D = Another failed test of MA. Move profit-locking stop under MA.

E = Giant white candle/Failed test of MA rips through the
MidM/Close/Pivot/Mid
and retracts under the Pivot into the "green fog". Move
profit-locking stop
under the Close (medium aggressive). Watch for exit signs.

F = Whoa! Huge white candle easily overruns the Pivot/Mid. Another DVS
(middle
chart), so watch for Momentum reversal. Move stop-loss under the Mid.

G = Doji spike into no-man's land. Doji DVS (middle chart). Momentum
has flagged.
10-Minute (bottom left chart) tapes a wispy, long-tailed, red Bear
Dragonfly
stretching well beyond the previous huge white candle. Exit Now!
+/- 7.0 points

PERSPECTIVE

(Daily, bottom right chart)
Nothing much to add to the past several days' analyses.
Price Action is stalled, breathing, at the 50% Retracement
of the July-August trend (red). Although it still seems
poised for a Bull strike, the longer Price Action hovers,
the more likely a stab south first.

Hard one to call, but I'm still looking north.

REMEMBER: Trade the Tape, Not my Prognostics!

Asher
=] ;-)>
Pivot Magic Trading Course
http://www.TradingThingys.com

Tuesday's PMT chart:
Http://www.TradingThingys.com/PMTJ/PivotMagic092705.gif

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