The add was filled for +4.75, while holding a small short from 1974.25. Now asking 1983 to add to my short position - Day.
You're still not listening to what I'm saying. I never said that markets can't continue to move in one direction for a sustained period of time. What I am saying is that after 4 or more up days market returns over a 3 to 5 day period diminish greatly. I'm not going to run the numbers right now because I don't want to spend the time but I can say with a fair amount of confidence that after 4 days of rally, even in this market, returns would be negative to flat. I would also guess that the odds of positive returns after a big rally would still be close to negative or at worst 50/50. All my research suggests that buying this market here for the next few days is at best a coin flip with a low R:R. Also, all respect to ammo, but this market has not rallied 9 out of the last 10 days.
[quote="action Also, all respect to ammo, but this market has not rallied 9 out of the last 10 days.[/quote] just going from low to high on the turns action