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Strategies & Market Trends : Classic TA Workplace -- Ignore unavailable to you. Want to Upgrade?

To: quote 007 who wrote (90281)	1/27/2004 5:21:14 PM
From: Jack of All Trades	Read Replies (1) \| Respond to of 209892

Tough to say as it uses options and getting old data to back test is tough, especially since it uses several contracts on both sides and the center strike is always moving. I'd say it's over 65% or so if you stick to the rules. This signal is kinda mushy, and could call for some type of range as the put premi doesn't seem to be there. It definately says to buy any heavy gap down in the am. Would be looking at Feb 37s at .60/.65 for open and 38s 1.00/1.05 as a heavy gap down. The last time this signal went short was the begining of Dec, then went long in Mid Dec, sorry don't have the dates but it's on this thread. QQQ calls were 3-5 baggers that I posted entry prices on...