Who's long or short over the weekend ? My system says the entire market is headed down ... I'm short about $150,000
Just grabbed this from another post... Of course, do what you system says, its just a nice find ...note that its for 2010: http://quantifiableedges.blogspot.com/2010/03/after-down-fridays-over-past-year.html
Is it the same system that made this prediction? http://www.elitetrader.com/vb/showthread.php?s=&threadid=205940
Nillionaire, It is not. I have a completely different system. Amazing what a difference a year makes. I see exactly why I was off last year. Also, that was a long term prediction which is extremely tough to make, where as this is only a 1-2 day directional move
I'm long. Thurs & Fri's sell offs were responses to overseas markets selling off. If we don't get attacked on the 10th anniversary of 9/11, overseas markets will probably rally on Monday. Since Wednesday's huge rally, they owe us one.
FYI there was a strong positive divergence forming an hour or so into the close. Someone was buying just like someone was selling into that short squeeze. Some traders are printing money.
Long and short. Mostly long, 5,700 shares of SPY which I have been averaging into over the last few months.
Haha Nillionaire, I was correct. Dumped all my short positions at the open today for a nice profit. I rest my case ....