Hi,
A number of folks posted on the 7-10 recently, not necessarily on Ng. I think Ronbo did ??

Looking at NGZ11 from my understanding, it looks like Ng has now printed 8 conforming down days on daily chart with one inside day [11/8 which is ignored] if my understanding is correct.

What follows, I am not sure of the details but if "successful" the trend is to reverse here with a 50/50 probability, but if it does reverse, the reversal and subsequent up trend is much much stronger than a continuation of the current down trend (in which case you get out with minimal loss).

These rules were not expressed with the notion of active day trading in mind either.

For talking purposes, the buy to go long would be the high, or open of today's bar, and the stop loss would be the Low, or close of todays bar. Doesn't really matter for this discussion.

Anyway, Ng has opened and is sitting pretty much at the high for today, so I guess we have a chance to see how this plays out !!!!!!!!

Please add to this, I have stated my understanding as best I could.

Thanks, Lee