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Right, sure it can.
But if the probability of a forecast range high for today was 1275.10, and
the forecast like for today called for about 85% chance of a higher high.
and the higher high was made in the early am on a gap up, the higher high
forecast has been full-filled at the forecast range of X on no news and the
net advances
were not really stellar. All I am saying is the News is probably the only
thing to move it up, or astro or geometry ... or Research makes it move
up....
it trades down to a forecast low or a pivot and it moves up.
So if there is no news that is going be traded against, historical
probability if high enough will win. News always wins!
Don
----- Original Message -----
From: "Gentle Ox" <enchant@xxxxxxxxxxxxxxxx>
To: <realtraders@xxxxxxxxxxxxxxx>
Sent: Tuesday, May 08, 2001 9:02 PM
Subject: Re: [RT] Re: .S&P Tightening Ranges Make for Poor Results
> Don Thompson wrote:
>
> > . No New, why should it go higher?
>
> Because it can......?
>
> Stephen
>
>
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