" Let’s play a different test today: short at today’s close,
hold (turn the computer off, or shall I see, turn your ipad off?)
until the very first SPX red day, the winning rate WAS 100%,
average holding period 1.3 trading days and 2.35% gains, not bad
ha. In another word, if up huge again tomorrow, then chances are it
would be completely erased the day after tomorrow."
Last hour reversal stats
Posted by Vida on 5th of Oct 2011 at 11:42 am
Good post from Cobra regarding last hour reversal days: The stats taht he includes from Bespoke are quite compelling.
" Let’s play a different test today: short at today’s close, hold (turn the computer off, or shall I see, turn your ipad off?) until the very first SPX red day, the winning rate WAS 100%, average holding period 1.3 trading days and 2.35% gains, not bad ha. In another word, if up huge again tomorrow, then chances are it would be completely erased the day after tomorrow."
wow great read!!!
Posted by garyl on 5th of Oct 2011 at 12:14 pm