How many of the last nine Mondays have been significantly higher? Hmm, let's find out... http://www.cnbc.com/id/15840232?video=1358473299&play=1 (hehe, funny) +-*/ Math_Wiz
Sounds to me like he's a gov't statistician.... or he's been drinking WAYYYYY too much koolaid. If it's the latter, I bet he eats the "yellow" snow too !
Have you done the math? It only takes a few lines of code. It is not significantly profitable, but it has been profitable since the middle of September. Do not try this going forward unless you have studied and tested it properly. Past performances is no guarantee etc.... Data shown included commission and slippage.
Ah the good ole' "Monday always gaps up higher" game <object width="425" height="344"><param name="movie" value="http://www.youtube.com/v/vIMwMsY0ndo&hl=en_US&fs=1&"></param><param name="allowFullScreen" value="true"></param><param name="allowscriptaccess" value="always"></param><embed src="http://www.youtube.com/v/vIMwMsY0ndo&hl=en_US&fs=1&" type="application/x-shockwave-flash" allowscriptaccess="always" allowfullscreen="true" width="425" height="344"></embed></object>
It just so happens that 9 out of the last 12 NG openings have been higher than the previous close. Here are the gaps in order, Dec 3-18: -18,+112,+197,+118,+35,+48,-48,+212,+98,-36,+88,+46.