CHARTS_CCI_SYSTEM

[JLS]

Pivots,

You call it arguing.

I call it trying to understand what somebody else is doing so that I can take the best of what they do, learn from it, adopt it if I like it, then seek ways to make it better.

So, yes, it annoys me a bit when a presumed stock trading guru misuses a well known and understood stock trading technical term. And sometimes I like to write about what annoys me.

So you and many others follow Tony. I got that.

I'm not a follower. I'm a racer, and racers seek to move ahead of the pack. If you don't like that, then just consider it to be a nagging habit that I and other racers have.

So why would I care if Tony's pivots are really pivots?

Answer: because if they are, and they have some value over sup/res lines, and if there is any value in extending them forward in time, then I will calculate them properly and study that process through computerized backtesting and perhaps adopt it and make further improvements beyond what Tony could even imagine.