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Lynn,
I am not familiar with John Crane's Handbook, but, according to
Robert Miner in his book "Dynamic Trading" a "Reversal Day top is made
when a market closes below the prior day's close and the current day's
open...," (an RD bottom would be when the market closes above the prior
day's close and the current day's open.) The RD can be used as a
trigger when time, price and pattern suggest a turn is plausible.
Best regards,
Rory Lewellen rl2946@xxxxxxxxx
MRLYNNG@xxxxxxx wrote:
>
> A friend is interested in a book by John Crane called "A Traders Handbook, The
> Reversal Day Phenomenon" available thru Traders Press I believe. Anybody know
> what the "reversal day indicator" is or whether the book has any merit. She
> is more of a position trader but ,as a daytrader, I am interested in knowing
> if it has any daytrading applications. Thanks for any help/comments.
> Lynn
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