ES Journal Archive (2006 - 2008)

Status
Not open for further replies.
Quote from smilingsynic:

The fact is that a significant portion of the gains/losses in a period--over the LONG HAUL, not just a few months--come from overnight holding.
More...

And my study showed the same, 30% is a signifficant portion. :)

But you said in your first post that the BIGGER part of the movement comes from overnight gaps, and last time I checked 30% was still less than 51%...

Now what happened back in the early 90s is not a concern of mine, markets change and so should strategies....
 
Quote from smilingsynic:

Just did a quick excel spreadsheet during the dead zone here: over the past 1500 market days (since may 2002), holding overnight would have led to over 30 SPY points (commissions + spread not taken into consideration), whereas intraday movement (defined as day's close minus day's open--the sum progress of the market's intraday gyrations) actually was negative to the tune of minus 3.

If you go back to 1993, the effect is even more profound. Overnight holding = 168 +
Sum total of intraday movement = MINUS 75 +

Buying the open on Jan 29, 1993 and holding until close of April 16 would have led (dividends NOT included) to a gain of 92.88 SPY points.
More...

One more note: with crude (USO, the oil etf) the effect is the opposite: most gains come intraday. Why? Perhaps it is because crude supply and demand numbers are released Wed morning, during trading, whereas earnings reports for stocks are often released AFTER the close.

Back to the screens.
 
blackguard checking in here....

I see a lot of new names now, completely different board now vs 2 months ago.blaster? who is this character?who is Kosovo?whatever happend to Busch and Jimmy?

anyway, regarding the Market: I cant think of a better time to be bulli$h. wow we are down 13% from the all time high set last October.13%!!!!

think about it,all the bad news that came out the past 9 months and we are only down 13%?so, what is the game plan for shorts going forward?Personally I dont think they have one.

Right now they are surviving day to day on hope.Well guess what, within 2 weeks this market will break out above 1400 and leave all shorts in the Dust.

thats right Dust with a capital D.
 
Quote from smilingsynic:

One more note: with crude (USO, the oil etf) the effect is the opposite: most gains come intraday. Why? Perhaps it is because crude supply and demand numbers are released Wed morning, during trading, whereas earnings reports for stocks are often released AFTER the close.

Back to the screens.
More...

very interesting, thank you.
 
I have one small note. Can you read?
Kosovo? If you mean Kovacs I can help you with translation a bit: Smith.


Quote from regal_2012:

blackguard checking in here....

I see a lot of new names now, completely different board now vs 2 months ago.blaster? who is this character?who is Kosovo?whatever happend to Busch and Jimmy?

anyway, regarding the Market: I cant think of a better time to be bulli$h. wow we are down 13% from the all time high set last October.13%!!!!

think about it,all the bad news that came out the past 9 months and we are only down 13%?so, what is the game plan for shorts going forward?Personally I dont think they have one.

Right now they are surviving day to day on hope.Well guess what, within 2 weeks this market will break out above 1400 and leave all shorts in the Dust.

thats right Dust with a capital D.
More...
 
Status
Not open for further replies.
Back
Top