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charles meyer wrote:
>Charles,
May be true, but not when the WR7 happens to be an 80/20
reversal set-up :). Such expansions tend to reverse in the
short-term. See:
"Street Smarts" 80/20 set-ups (Conners)
and the original work in Toby Crabel's
"Day Trading with Short-term Price Patterns and
Opening Range Breakout".
Walt Downs
CIS Trading
> Jonathan:
>
> I can only reference what most already know from reading LBR's book.
> yesterday for example was a WR7 in the SnP. Today then should
> see less volatility with an upward bias. At least prices should not
> break dramatically to the downside, according to theory. Now that I
> have written this; watch the market break hard<G>
>
> Charles
>
> ----------
> > From: Quantcap@xxxxxxx
> > To: RealTraders Discussion Group <realtraders@xxxxxxxxxxxxxx>
> > Subject: Re: March Bonds
> > Date: Friday, February 12, 1999 7:26 AM
> >
> > Just a thought....
> > Is an NR7 day a better predictor of volatility increasing or decreasing??
> > Also, I've noticed that NR7 followed by WR7 is a better predictor of
> increased
> > volatility.
> > Finally....it appears to me that the later on you are in "the game," the
> more
> > whippy the market gets.
> > Example: SPus make a big decline off a large uptrend. The following
> day,
> > shorting SPus will be a tough trade, with lots of squeezes. I always
> wait
> > until later to play the continuations. Anyone else observe the same?
> >
> > ================================
> > Jonathan Ludwig
> > President, Quant Capital Management, Inc.
> > ================================
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