Strange price action in IBM, Coke, McDs

Discussion in 'Stocks' started by GTS, Jul 20, 2012.

  1. GTS

    GTS

    http://www.bloomberg.com/news/2012-...whipsaw-investors-in-ibm-coke-mcdonald-s.html


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  2. gmst

    gmst

    Thanks for posting....That was a great chart!

    I want to show it efficient markets harping professors!
     
  3. Yesterday was an odd day by my standards as well. The ES gave me 4 trade signals during the course of the day and normally I'm likely to get less than one. Definitely a lot of churn on the day.

    I refuse to speculate on what it means because that's a sucker's game, but it definitely was out of the ordinary.
     
  4. gmst

    gmst

    Thats useful information.
    Historically, from your backtests, did you ever before got 4 signals in one day in ES? What was the max. number of signals you got before in a day? These stats would help numerically saying how odd was yesterday.
     
  5. I had 4 in the same direction only 1 other time. 4 short triggers in one day last September.

    I've been using this exact same model since May of last year, so that's about 14 months of trading days and it happened twice now.
     
  6. If anyone want the strat in EL here it is:


    Code:
    Inputs: 
    ThisMuch(100000000000);
    
    Variables:
    BuyTime(1000);
    
    If T = BuyTime then begin
         buy ThisMuch shares next bar at market;
         BuyTime = BuyTime + 60;
    end;
    
     
  7. Bob111

    Bob111

    -----Investors Whipsawed by Hourly Price Swings in IBM, Coca-Cola---

    how so? if you are investor-then you typically BUY for a long term,right?
    who is 'whipsawed'? if you buy at the beginning of every hour-you shouldn't be complaining.. :)
     
  8. d08

    d08

    Do you think guys like Buffett take positions in one trade or even in one hour? They can often push the price up, then let the sellers take profit and drive down the price, then go for another buying spree and so forth.
     
  9. #10     Jul 20, 2012