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Introducing The New Pivot Calculator Risk Reward System  
Tue, 25 Sep 2007 10:18:30 ET

Floor trader pivots come from the pit traders. A lot of people use them so they are almost self fulfilling. The main pivot point is usually used as the primary trend indicator. If price is above the primary go long and if below go short. The others act as normal support and resistance levels. Generally price will not penetrate S/R 3 if it does it will probably be a big move. You can use these for daily, weekly and monthly.