I read this some where and put it in my notes. Is this close to your modest range Billy? Is yours higher or lower?
"In many markets there is a 85% probability that today’s price activity will reach 75% of the value of the 5 day ADR. If the 5 day ADR is 100 then there
is a 85% probability today’s price move will add 75."
"In many markets there is a 85% probability that today’s price activity will reach 75% of the value of the 5 day ADR. If the 5 day ADR is 100 then there
is a 85% probability today’s price move will add 75."