Pivot Point Analysis

Pivot Point analysis originated many years ago in the grain pits. Before the Pivots, all that the pit traders had to trade off of in reference to yesterday's range was the sacred High, Low and Close. Pivot Point analysis was designed to give the trader a reference of where today's prices are in relation to yesterday's prices. Since traders were not allowed to have electronic devices in the pits during trading hours, this was a big help. Of course, back then, even the smallest electronic device