The Playbook

The Eighty Twenty Playbooks

Two Timeframes

Pick your altitude.

The Relative-Strength Playbook is long-term and unidirectional: long-only commitment to high-quality equities, held for the time it takes a thesis to develop. The Auction-Market-Theory Playbook is short-term and bidirectional: positioning within a single session in whichever direction the auction is actually moving.

They are complementary because they generate returns through different mechanisms, on different timeframes, and largely independently of one another. Together they form a diversified, largely uncorrelated approach: one methodology operating at two speeds.