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Strategies & Market Trends : Systems, Strategies and Resources for Trading Futures
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To: SE who wrote (372)5/12/1998 2:20:00 PM
From: Patrick Slevin   of 44573
 
My experience with it is it almost always signals a change in trend within 15 minutes.

Occasionally, it precedes an even sharper move along the same trendline which is then followed by a retracement.

However, the odds on play is to exit day-trading positions on extreme readings and wait for a re-entry.
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