In 5 out of 7 mid term elections the markets fell
immediatly after the elections by between 5 and 10%. Monday saw a
small change in the McClellon Oscilator. That normally suggest a
large price move is comming in the next few days. So longs I think
should be carefull!(does not say which direction the move would be
but....)
Interesting. Seems to be in conflict w/ steever's post about an
election trade. He says that, according to the trader's almanac, in
all but one year since 1934, if you bought the market 5 days before
the mid-term election and sold three days after, it was a
winning trade, w/ an average of 2.7%.
Markets after election mid term
Posted by kobie on 2nd of Nov 2010 at 03:32 pm
In 5 out of 7 mid term elections the markets fell immediatly after the elections by between 5 and 10%. Monday saw a small change in the McClellon Oscilator. That normally suggest a large price move is comming in the next few days. So longs I think should be carefull!(does not say which direction the move would be but....)
Interesting. Seems to be in
Posted by frtaylor on 2nd of Nov 2010 at 04:05 pm
Interesting. Seems to be in conflict w/ steever's post about an election trade. He says that, according to the trader's almanac, in all but one year since 1934, if you bought the market 5 days before the mid-term election and sold three days after, it was a winning trade, w/ an average of 2.7%.
Seems like a pretty good
Posted by darnelds on 2nd of Nov 2010 at 04:11 pm
Seems like a pretty good trade so far.
5-10% decline
Posted by perthx on 2nd of Nov 2010 at 04:09 pm
can start the day of the election or 2-3 days after and last 3-7 trade days...McHugh did a big listing of midterm charts this past weekend.
so are you shorting today
Posted by hstrader on 2nd of Nov 2010 at 03:41 pm
so are you shorting today or waiting to see what happens. Steve said wait in his last NL.?
Waiting till after the Fed announcement Wednesday. Watch 1196 for resistance.
Posted by kobie on 2nd of Nov 2010 at 03:53 pm