(3) Million Dollar Pivot Finder

Written by:
Patrick Mikula CTA
Mikula Forecasting Company
www.MikulaForecasting.com
support@MikulaForecasting.com
Copyright © 2008 by Patrick Mikula All Rights Reserved 

Here is our third chart for the MDPF. The MDPF is designed to analyze market cycles. The chart below is an example of the MDPF in a market with a strong trend. This chart shows the August 2008 Crude Oil futures contract which is currently in a strong uptrend. In addition to the MDPF, I have added a 50 bar moving average. You can see the moving average is moving up with a very fast slope. When using the MDPF in a market with a strong uptrend, the MDPF will find the bottoms of the counter trend moves. When the market makes a downward correction, the bottom of the downward correction will often be accurately found by the MDPF. When trading in a market with a strong trend you should only trading in the direction of the trend and should never trade against the strong trend. The MDPF is a very good tool to help a trader buy into an existing bull market.

 

(2) Million Dollar Pivot Finder

Written by:
Patrick Mikula CTA
Mikula Forecasting Company
www.MikulaForecasting.com
support@MikulaForecasting.com
Copyright © 2008 by Patrick Mikula All Rights Reserved 

Below is a chart for the stock Canadian Natural Resources symbol CNQ. On this chart the MarketWarrior indicator Million Dollar Pivot Finder (MDPF) has found six potential bottom pivots and two potential top pivots. There is one bottom pivot that I have labeled “B1″ and one top pivot that I have labeled “T1″. These two MDPF pivots failed to occur near a market top or bottom. Other than these two failures the remaining six MDPF pivots did occur near a market pivot. The successful MDPF pivots occurred from 0 to 2 bars away from the actual market turning point. If you look at the most recent MDPF bottom pivot it occurred just 2 bars ago at an exact market bottom.