larry, i want to reemphasize the main point of my system:
it's a collection of multi-candle patterns on daily ndx (mostly) charts with one common characteristic, high probability of a gain on a 1 day trade...
in that sense the system is both eclectic and very short-term oriented...
if you study the statistics of 1 day and multi-day returns (which i did in my excel spreadsheets) you will notice the statistically obvious fact: relatively few days account for a great majority of ndx percentage moves..
the goal is to identify the replicable characteristics of such days (essentially very oversold and very overbought days, even if only on a short-term basis)
this also means that the system will miss some rallies/drops where the patterns are not present...
back to studying patterns..<ggg>
george
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