Originally Posted by
grems8544
Contrasting, John Person tells us that in an up trend a healthy range is S1 to R2 for long positions. Conversely, in a down trend, we can expect the range to be R1 to S2. Pivot analysis will tell us where we lie within this range -- GGT will not.
A good (unverified) setup would be an uptrend in general, GGT signalling "New Long", and the pivot/cluster setup indicating that we're at the lower end of R2-S1 (closer to S1). If the weighting were such that there was little overhead resistance, these could be good candidates. Definitely something to watch for.
Paul