Quote from iloveoptions:
Thank you. I couldn't have said it better. I can't stand it when someone tells me after the fact that I should've done this and that. Yesterday, the T-day theory said that Tuesday would be an up day and the futures I believe closed lower. Yes, we've had up/ down/ up moves but the close was negative. That behaviour can happen on any day of the week. Let me recap what has happened since Monday with this so called rule of 10. On Monday (using 24 hr trading on futures) the market had a swing of 7 points in the night time hours and almost 18 points from the low of 1386 nonstop. How does that make it a rule of 10?? On Tuesday, we've had a swing of approximately 10 and the other 13.25 and 14 respectively. Yet he talks about how many 10 points we could've caught so far for the week after the fact. I bet you when we encounter a 33 point or a 46 point day he'll tell us, "10 day rule doesn't work, does it" (with a confused smilies, of course). Pleeeeease. Either you place the order in this journal with clear consice fashion like the thread originator does and many others, or keep your "after the facts' to yourself.
