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94% is found by taking 100% and subtracting the time down from the time up. We know that 53% of the time the market moves up. this leaves 47% of the time it moves down (100% -53%=47%). That means the difference in days up minus days down is 53%-47% or 6%. the rest of the days cancel themselves out. 100% - 6% =94%. So 94% of the time it goes up and down, but those days do not account for any market gain. 

  1. A good investment program should work under all conditions and markets.

  2. The investment program should be based upon elements that are not subject to rapid change.

  3. The program should be stable yet adaptable and capable of being upgraded with new data in a manor constant with the original design.

  4. The investment method should be understandable and every element making up the program should make sense.

  5. If the program does not have enough information to make a decision with a statistical edge it should recognize that and stay out.

  6. The program should provide clear objective signals so that operator emotion does not have an influence.



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