6/26/03, ES, up day

Discussion in 'Trading' started by #1 Trader, Jun 26, 2003.

  1. just remember #1 told ya...

    i will be accepting donations at the close.

  2. kenokabe

    kenokabe Guest

    And, providing us the reason you analized so would be great and more fame :cool:
  3. yesterday's sell-off was WAY overdone. that's not to say you should have fought the downtrend yesterday, however. now that a new day has started and things have settled, price will be heading higher today.

  4. def

    def Sponsor

    I bet there's a 50% chance you'll be gloating at day's end :D
  5. smart man. i agree (roughly)! i would say more like 51-59%.

  6. efficient market people, eat sh!t! today will be a perfect example of why that theory is bullsh!t! as i said above, yesterday's sell off was way overdone (i.e. not efficient)!
  7. The ES was trading around 977 when you made your post, up 5 points on previous day's settlement. So in fact, the chance of you being correct (if we define correct as today's close > yesterday's close) is approximately 73%. Don't sell yourself short!
  8. ok, but you could use what i said another way...

    if today we come back to yesterday's close or below, go long.

  9. Trader#1(I mean Jessie) tells us whether the close will be higher or lower than the open every single day. But as soon as he gets one wrong, he has to leave E.T. forever.

    How about it, #1?
  10. no way, nobody is that good (not even me, #1). i would most likely be gone in a few days. :-/ you wouldn't want that, would you?

    #10     Jun 26, 2003