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Actually Jim, FWIW, my own experience has been that you're more likely to
get a second trend day after the first one (especially when short), after
which the odds of a third trend day go way down. I've backtested this and it
appears to hold up over time.
And the more listless days in a row, the stronger the resumption of trend.
Your mileage may vary ;~)
Best regards,
Gene Pope
----- Original Message -----
From: "Jim Johnson" <jejohn@xxxxxxxxx>
To: "Todd Horton" <thorton@xxxxxxxxxxxxx>
Cc: <realtraders@xxxxxxxxxxxxxxx>
Sent: Tuesday, May 07, 2002 3:25 PM
Subject: Re: [RT] ASTRO : flat markets
> Hello Todd,
>
> as a general rule, if today is listless and narrow, tomorrow will move
> more. If today is a trend day, tomorrow is likely to slow like to
> today.
>
> Best regards,
> Jim Johnson mailto:jejohn@xxxxxxxxx
>
> Tuesday, May 07, 2002, 3:16:24 PM, you wrote:
>
>
> TH> with all the talk about astro what I really need to know is when the
> TH> intra day markets will be flat and dull and tedious (as I write this)
> TH> That would impress me.
>
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