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Strategies & Market Trends : TA- Advanced GET

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To: Rex Takasugi who wrote (546)7/29/1997 10:28:00 AM
From: Ross   of 1551
 
Rex,

Thank you for your response! I just love the way you express
your ideas.. I know you've probably heard this from me, and
others, (many times) but when will your first book be published!?

You have probably noticed ASPX's move yesterday and
also today (so far). Well, with my interest in Bias Reversal,
I went out 4 days and there happens to be one on Friday. This
is just after earnings are out. That makes me cringe. :(

There is one caveat; going into the future (what if) more than 1 day
on bias reversal. I do not know how it is calculated but it matters
"tremendously" what each "what if" bar does. In other words the
bias reversal must be calculated on price not time. To be safe
only go out 1 or 2 bars.

Others have questioned bias reversal's effectiveness and accuracy.
I have made some incredible trades with it. Recently PTEK had a
bias and was at support. Alone, the bias is only marginally accurate
but with other tools Get has it can help tip the scales.

Thank you Rex!

Ross
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