Action Points

I've added a "Pivot Calculator" to the blog. It's located at the bottom of the home page. I know pivots can be determined several different ways, but I've included a couple of examples below in how I prefer to use it. The calculator can be used for any security in any time frame. I tend to stick with the daily & weekly for the S&P 500 & NDX 100. I hope to add some improvements to it in the next couple of months. Support Resistance

I use the following scans to find short setups. They are all based on "Moving Averages." After I run the scan, I scroll over them using a 8 year weekly chart. Patterns are much easier to spot when you stretch the chart out. It also reduces the noise you get when you look at the shorter time frames. I use the scanning software provided by stockcharts.com . Short Scan #1 [type = stock] and [country = us] and [daily close >= 5] and [daily volume >= 100000] and [daily close >= daily sma(50,daily close)] and [daily close >= daily sma(200,daily close)] and [daily close >= daily sma(20,daily close)] Short Scan #2 [type = stock] and [country = us] and [daily close >= 8] and [daily volume >= 100000] and [daily high >= daily sma(20,daily close)] and [daily high >= daily sma(200,daily close)] and [daily close Short Scan #3 [type = stock] and [country = us] and [daily high >= daily sma(10,daily close)] and [daily high = 100000] and [daily high = dai...