let's see if this edge still works: http://quantifiableedges.blogspot.com/2010/03/after-down-fridays-over-past-year.html "It is important to understand that this is what I often refer to as an âenvironmental edgeâ. In other words, it is something that has worked in the recent past and seems to be a result of the current market environment. It is not an edge that has persisted over a long period of time nor do I expect it to continue to persist for a long period of time from now. That doesnât mean it isnât a useful observation, though. In such cases where I believe a setup contains an environmental edge I will look to use it to my advantage until it appears to be losing its effectiveness. Of course I do this with all edges, but environmental edges are on a tighter leash than others."
Date Open High Low Close Volume Adj Close* 23-Mar-09 772.31 823.37 772.31 822.92 7,715,769,600 822.92 20-Mar-09 784.58 788.91 766.20 768.54 7,643,720,000 768.54
the futures are a bit red this sunday afternoon. it is possible that we will see the repeat of last year when the market was driven up until option expr, and the deadline to fund IRAs just to drop 4-5% the following Mon-Tue.
with all the ash dropping on EU and GS we are down only 5 pts. E-mini S&P 500 (Dollar) Jun 10 1185.25 -5.00 E-mini NASDAQ-100 Jun 10 2002.50 -7.25
Odds are an 80% chance of an up day after a down friday greater than 1% with a 2:1 return. But when Monday's down after a down Friday LOOK OUT BELOW. Again can we get some bulls to counter rather than snip ad hominems and spew bullshit!!! Come on you frigg*n p%ssy's!!!