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Strategies & Market Trends : Classic TA Workplace
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To: Henry J Costanzo who wrote (127817)1/8/2006 11:41:05 PM
From: Win-Lose-Draw  Read Replies (1) of 209892
 
Median "good" trend on the Dow covers roughly 20 multiples of the daily (true) trading range. Currently that's around ~100 points, so a "typical" upside trend should be good for ~2000 points. 11k + 2k => 13k.

Of course, "median" is just a fancy word for "wrong half the time", so whether or not it happens is an open question.

...actually had to use a CALCULATOR...

You're working to hard, lol, I round everything off to convenient multiples involving lots of zeros before doing any math.
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