Dislikedhey aaron..... sorry, don't have "a more authoritative statistics" reference.... do seem to remember a mark twain quote about them however......
Figures often beguile me, particularly when I have the arranging of them myself; in which case the remark attributed to Disraeli would often apply with justice and force: "There are three kinds of lies: lies, damned lies and statistics."
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some markets might spend years or decades in very tight ranges, lumber, corn, soybeans and such.....
[url="http://stockcharts.com/freecharts/historical/"]other...Ignored
I typically fail at figuring out the fundamentals but this keeps me out of the trade long enough that the trend usually figures out if it is coming or going.
As for the mathematical model... total BS. But I like BS and I find it useful from time to time. And most importantly, trading with the trend on pullbacks and trading the range in the direction of the long term trend (with or without the support of a BS model) are two of three best trades that exist.