Replies to post #81687 on Zeev's Turnips Patch-No Politics (ZEEV)

[Ace Hanlon]

I wonder if Roach realizes that we NEED a protracted recession to clean up the bubble excesses and prepare the way for a strong rebound. No pain no gain!

[basserdan]

COT numbers are about as expected.......

The non commercial small traders reduced their long and short positions in both gold and silver.

The commercial traders reduced their short positions in gold and silver while increasing their long positions in each.

In my view, a bullish divergence lending support to the bottom being in school of thought.

http://www.cftc.gov/dea/futures/deacmxsf.htm

Dan

[unctarheel]

I would like some information on trading by using pivot points. If anyone uses this as a method to trade by please either share some of your experiences or where I could get some information on this. A website that would educate me would be good. What time period should I look to figure out the pivot point on? Previous day's action or figure on the present day's action after an one hour of trading? Any ideas or thoughts on this by anyone would be appreciated. TIA