Trading limits?

["Gary Fritz" <fritz@xxxxxxxx>]

Has anyone ever done a study to see what the market typically does 
when trading collars kick in?  I.e. what percentage of the time does 
the market reverse, or bounce and then head down again, or sit at the 
limit until the collars go off & then plunge again?

I almost overrode my system and exited a very nice short position 
when the ND hit its limit at 11:30 ET this morning.  But the NDX was 
still heading down, so I decided to follow the system and sit tight.  
Ooops.  :-(  It would be nice to have some statistical guidance in 
the future.

Of course, the statistical guidance will probably be "it does each 
one about 1/3 of the time"...   :-)

Thanks,
Gary