Active Trader magazine

Some great articles in Active Trader this month (August), including a nice piece about me in the Face of Trading. Although I subscribe to a variety of trader mags, this one consistently provides high quality info and studies that the average trader can utilize without extensive programming skills.

One little article in the current issue looked at 3 day pivot highs and lows for the SP500 over 10 years and found 222 pivot highs and 227 pivot lows distributed as follows:
HIGHS
Mon 52
Tues 38
Wed 50
Thurs 41
Fri 40
LOWS
Mon 37
Tues 43
Wed 60
Thurs 45
Fri 42
Looking at the skew of the data, selling positive Mondays' close looks like a good bet for short term traders.