The study below is from last night’s Subscriber Letter. It looks at a possible reversal pattern off a 20-day low, and uses very simple criteria.
Results here seem to suggest a solid upside edge. Intermediate-term lows in long-term uptrends often offer buying opportunities. And they are commonly good for more than just a 1-day bounce.
2 comments:
Hi, interesting as always. But why are the number of trades decreasing with the holding days?
Hi Andreas,
Answer here:
http://quantifiableedges.blogspot.com/2010/06/mystery-of-declining-instances.html
Best,
Rob
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