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Mornin' Walt, All:
In response to my comments on the WR7 below, you wrote......
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> 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>
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Very clever.....only problem is market entry as we never saw a print above
Thrusday's high. I guess the tipoff came on information about the opening
call......
Charles
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