Got itOriginally Posted by ;
2 Strategies-
First Trading Day of the Month:
Buy at the open of the first trading day of the month. Sell in the close. 71% of the period the market has moved higher. This excludes since the trading days are usually quite bearish.
Option Expiration:
market in the start, usually with a 6 stage target and 4 stage stop. It usually drops (65-75% of the period) on the open on option expiration day.
Hey bearOriginally Posted by ;
Have you given up with this already.
I was looking forward to your insights!
Hey JFOriginally Posted by ;
That is an interesting observation. It certainly rings true for Januarys - got off a market !
Sorry gogsy,Originally Posted by ;
1. Was occupied elsewhere (gold)
2. I had the impression we were at a startfase of a major ES turn.
Although I am convinced this market will collapse in due time, I can't find enough arguments that time has arrived. It is all very complex with QE2 and it has artificial consequences on ES
I think we are going to have to wait bit more for better patterns to foundation shorts on, longs from the question for me.
H4:
Hey BearOriginally Posted by ;
I have been visiting a pullback for a while now also. As you explained the QE shot is currently affecting this.
Any pullbacks right now are being bought!
Having said that the $vix has broken out firmly to the upside down, so I'm awaiting a verifiion to short!
Some dollar strength will assist in this regard too off support!
We shall see
That seems to possess gives the VIX to us!
Will simply have to see if the BTFD gang return again!