Best Quarterly Outlook I’ve Seen In Years - July 1, 2011

[EB]

Andrei,
The multi-pivots are very effective in Forex. See John Person's books and website for this.
But you'd need to do such an analysis on Forex Futures with adjusted continuous contracts. I'm afraid ETF analysis would be a complete loss of time and even misleading since the pivots are very sensitive to the close, highs and lows. ETFs will give you the close, highs and lows for only 6 1/2 hour a day while Forex is open 24/24.
Billy

Over the last two years, I've tracked Billy's pivots system on both the EUR/USD forex pair and the USD Index ($DXY in TradeStation), which is about 55% weighted to the Euro currency. They are somewhat inverse to each other because of this high weighting. A major pivot cluster in often captures interim reversals.