2 replies to this topic

[Will]

Mark's posted yesterday morning that he thought the low was in:

http://www.traders-t...howtopic=121447

Here is some data from the up thrust over the last couple of days after the low. Analyzing SPX over the last 30 years there were 27 similar thrusts up of which 24 were profitable in about a months time. Unless you are really nimble this does not appear to be the time go short. The odds appear to be stacked to the long side.

Here are the stats:


And the individual trades if any one wants to go through them:


The criteria for the entry is very simple. No moving averages, indicators etc. In fact one could say not even price is needed. If anyone is interested try guessing it and I promise to post in a day or so.

[dcengr]

A month is a long time...

[porsche911sg]

I agree we should trade the long side for a while more two to three sessions. The GAP UP on Monday could be horrific before it all cools down. The last surge up all is the scariest.