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Old 10-22-2006, 08:10 PM
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Re: Special Situations: 3-I Days
I have found Dalton and Steidlmayer disagree on this topic. On page 164 of Steidlmayer on Markets ( I have the 2nd edition), Steidlmayer said after a trend day the market has a great probability of moving sideway or retrace. He even suggest taking profit on the position after a trend day. A initiative trend day got to have the 3-I charateristics. Any thoughts?

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