If the market gaps down on NFP Day, then it rallies to close
higher than the open and visa versa. So we should rally to some
degree today. Thats been the recent pattern
There is actually some stats on this that I have from
backtesting (just need to dig this up!) and I think Steve also
posted a chart in one of his updates a few months ago ahead of NFP
to illustrate
Note I only tested this over the past few years and I really
don't put too much credence on testing results unless I have 10
years testing to account for all market conditions
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If the market gaps down
swing shorts
Posted by vimal on 4th of Jun 2010 at 09:27 am
If the market gaps down on NFP Day, then it rallies to close higher than the open and visa versa. So we should rally to some degree today. Thats been the recent pattern
There is actually some stats on this that I have from backtesting (just need to dig this up!) and I think Steve also posted a chart in one of his updates a few months ago ahead of NFP to illustrate
Note I only tested this over the past few years and I really don't put too much credence on testing results unless I have 10 years testing to account for all market conditions