Jose

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Whenever the market moved away from value, I would take the opposite side of the trade. Please look at Figure 2-2 to the points illustrated. I would sell the zone indicated by the number 1 or buy the zone indicated by the number 2 because I felt that the market would return to value (the center of the bell curve).
Steidlmayer on Markets: Trading with Market Profile (Wiley Trading Book 360)
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