Lizards

Premise:

Reversal pattern, for day trading only.

For Buys:

1. Today's (day one) open and close must be in the top 25 percent of its daily range.
2. Today's low must be a 10-trading-day low.
3. Tomorrow buy 1/8 above the day-one high.
4. Maximum risk is 1 point and if you are not stopped out, sell the position on the close.

For Shorts:

1. Today's (day one) open and close must be in the bottom 25 percent of its daily range.
2. Today's high must be a 10-trading-day high.
3. Tomorrow sell short 1/8 below the day-one low.
4. Maximum risk is 1 point and if you are not stoped out, cover the short position on the close.