Tony has obviously sparked quite an interest (myself included) when he posted that a stock that closed within 10% of it's high for the day had a 85% chance of having a higher high the next day. I think we all recognize that trading is a game of probabilities with traders looking for the highest probability set-ups. Does it seem strange to anyone else that there isn't published information stating tested conditional probabilities for various set-ups? I've long wanted to perform extensive backtesting on hundreds of set-ups to arrive at the probability, but was basically too lazy. I think I'll undertake this challenge and publish my results in a book for $50 or so. I think the probability of me getting rich doing that is greater than me figuring out this trading stuff!