re post from midnight rally thread ... anyone here who trades YM overnight and has done some backtesting or data crunching is welcome to reply. 11-28-05 10:26 AM has anyone reviewed recent data on if this is still happening ? ( AH rally in stock index futures ) should not the HF quants etc by now have been able to reduce the "easy money" angle of this approach ? ( i.e. buy AH in afternoon session after any bad news earnings etc and hold until open next day ) perhaps AH gaps higher due to great earnngs or some other news reduces the chance on those days of "easy money" for a trader following this
Futs rally up most everytime the daily close is lower than the daily open. Imo the only thing that can explain it is market manipulation. Many of the blue chip stocks take their opening cue from the futures markets, the last thing you want is a cascade of gap downs in large caps at the open.
Why are you all shorting?? Durable goods report came out and it was very bullish and surpassed the expectations. So unless the consumer confidence report that is due at 9:00 CST comes out to be bearish, the market is gonna go up today. Ofcourse, this has nothing to do with the technical Analysis. The only that worries me is the huge difference between cash and futures now....Is my thinking right??
markets still very strong as i covered my shorted from wed afternoon yesterday. the excitment level is massive
Sorry.. just curious as to your method. Did you let a +40pt winner turn into a loser or did you get out b/e? Thanks.. just trying to understand though process..