Interesting fun facts Election Days The SPX gained ground 8 of the last 10 days prior to an election SPX lost ground 7 of the last 10 days after an election Since 1984, the SPX closed higher on Election Day in â84, â88, and â96, and closed lower in â92 and â00. The Dow Jones made a new yearly low in August. The only other time that happened in an election year was in 1920, and in that year the Dow declined by more than 10% in November. This was the worst November in election year history.
I'm of the belief that this may have been an options expiry move. Good luck Surfer! I'm looking to Short next week.
i am suffering thru my short macro trade on the DJIA. I am holding shorts here and will continue to hold untill 9.7.04 at the minimum. the studies are still indicating a substantial down move by that time that will place us into profits on the trade. I traded GOOG today, first short with a loss, then long with a nice gain. I shorted larger size between 109.97--- 110.15 --- holding this short overnight. surfer
It's been 8 years since I took the series 7, but isn't a new issue not available for short selling until 30 days of trading? Security Exchange act of 1934.
surf, I worked at a bucket shop...it would be even more difficult to violate the new issue short rule there because regulators are watching every move. But if you say you shorted it then I wish you good luck. I will call my brokers tomorrow to see if its available anywhere.