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Lucky,
You need to work harder at your query,
Use 5 day momentum comparison, three or four set of closes, trin, 5 day
trin, volume,
open-close relationships, low to low relationships and high to high
relationships. If you
do this you should be able to find a more resolvable kind of query that
might be of more use.
But like Bobr says if you have a good intraday system you don't need the
analysis.
I think if you are used to the program traders output, that stuff about
probability isn't worth
the fax paper it is printed on. In my opinion. It is when you see an 80
percent chance or better
that you have something to put an expectation on.
I personally don't see how this gives TA a bad name since most of the stuff
I read has no probability
connected to it. Tell my why its hocus pocus???
Regards,
Don
>
> A gap up open in the SnP futures is almost a no brainer buy. If it for
some
> reason would make a lower low, this would be an even better opportunity.
> The odds for an up close with a gap up open in the SnP futures is better
> than 80 percent.
> Don
>
> ==============================
>
> Got anything to back that up? I did a simple test in Tradestation where
> you'd buy if the open is higher than the close of yesterday and exit at
the
> end of the day. This does not result in an up close 80% of the time. It is
> this hocus pocus stuff like the above that gives techincal analysis a bad
> name.
>
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