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Joe,
I was talking to Bobr the other day and he remarked
that Larry Pesavanto (sp?) made the observation that the SnP opens 70% of the
time near the low or the high
of the day. 70% is not wow wee odds, but its much
better than a coin flip..
Don Thompson..
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----- Original Message -----
<DIV
style="BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: black">From:
Joe Duffy
To: <A
href="mailto:realtraders@xxxxxxxxxxxxxxx";
title=realtraders@xxxxxxxxxxxxxxx>realtraders@xxxxxxxxxxxxxxx
Sent: Thursday, May 10, 2001 10:56
PM
Subject: Re: [RT] Re: 5/11/2001 NASDAQ
Turning Point
Haytham, your posts IMO at least are excellent. Marty Swartz always had a
rule to never day trade short if price was above the 10 day ema, and never day
trade long if price was below 10 day ema. Its amazing when you go back and
look at trade screw ups, how many times something so simple gets overlooked,
and how it can save you a lot of aggravation.
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