Mean Reversion Expected in a Trend-Following Trade - July 5th 2011

[adam ali]

Much obliged, as always.

[barbados11]

Billy,

I need to ask a question which may have an obvious answer but I need to know: What or where is "floor selling pressure of 28" and "floor buying pressure of 25"? I can't relate it to the chart.

Thanks,

Pablo

[Billy]

Billy,

I need to ask a question which may have an obvious answer but I need to know: What or where is "floor selling pressure of 28" and "floor buying pressure of 25"? I can't relate it to the chart.

Thanks,

Pablo

Pablo,
For IWM,
Total selling pressure is the total resistance clusters weights: 15 + 13 = 28
Total buying pressure is the total support clusters strength: 22 + 3 = 25
Billy

[barbados11]

Billy,
I knew I'd feel stupid after getting the answer.
Thanks,
P

Pablo,
For IWM,
Total selling pressure is the total resistance clusters weights: 15 + 13 = 28
Total buying pressure is the total support clusters strength: 22 + 3 = 25
Billy

[buzzman]

What is the book that you recommend on pivots? bz