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Strategies & Market Trends : Systems, Strategies and Resources for Trading Futures -- Ignore unavailable to you. Want to Upgrade?

To: Patrick Slevin who wrote (7392)	10/28/1998 10:28:00 AM
From: SE	Respond to of 44573

it's just timing the point where it's sold is the knotty part. That seems to be the point with almost all approaches, isn't it? Kinda like my +1200 point TICK movement rule. It will define a 10 point move from the next high......there is the rub....where the heck is the next high. Work's like a charm most of the time.....but so what...I have no way of defining the next high. So in terms of a trading system, it is useless. In terms of giving clues as to market direction, I still like it. Not saying the fading gap concept is the Holy Grail, but I kinda like what I saw in my initial examination. I had heard this before, but it took Tom stating it yesterday for it to hit home to the point where I actually looked at it. I wish to study it a bit further to see if I can define some rules within the rule.....