Midnight rally

[Overnight]

There you have it folks....

There you have it folks...After a nearly one-month absence in posting, where Rick said he lost a fuckton because he got greedy and his thesis was failing day after day after day, he is back, pumping your mind full of BS.

https://www.elitetrader.com/et/threads/midnight-rally.47055/page-113#post-5343191

I'm the only one in this thread who actually believes the BS in my own head, because I put money behind it.

 

[noddyboy]

There you have it folks...After a nearly one-month absence in posting, where Rick said he lost a fuckton because he got greedy and his thesis was failing day after day after day, he is back, pumping your mind full of BS.

https://www.elitetrader.com/et/threads/midnight-rally.47055/page-113#post-5343191

I'm the only one in this thread who actually believes the BS in my own head, because I put money behind it.

Just because he doesn't make money doesn't mean what he is saying is wrong. Look at S2007S and his self proclaimed 99.99% accuracy. It is golden if you just buy when he says to.

 

[Overnight]

Just because he doesn't make money doesn't mean what he is saying is wrong...

Let's put it another way...If what he is saying is correct, he'd be making money hand-over-fist. But it doesn't seem to be happening. At best he's at BE by now with the BS thesis of buying close and selling open, because when the BCSO method fails? It fails HARD, and takes weeks to get back to net 0.

 

[noddyboy]

Let's put it another way...If what he is saying is correct, he'd be making money hand-over-fist. But it doesn't seem to be happening. At best he's at BE by now with the BS thesis of buying close and selling open, because when the BCSO method fails? It fails HARD, and takes weeks to get back to net 0.

I take the middle view. Most likely you can make some money trading it, but it has considerable risks and if you mess up emotionally, you lose.

 

[Rickshaw Man]

The last hour looks wierd. Zerohedge reported last hour is negative for the past year.

That is your buying opportunity. Any dip during the last hour really the last 5 minutes, is recovered overnight.

 

[Rickshaw Man]

Im feeling it tonight, last two nights were a no show. Tonight the overnight gang will show up.

 

[Rickshaw Man]

Yes tonight we rally.

 

[Rickshaw Man]

 

[Rickshaw Man]

Remember over 76% of all gains in stock index's comes from the overnight rally in the stock index futures. Its not that difficult to understand.

 

[Rickshaw Man]

Buy the stock index futures in the last minutes of the cash close. Lately we have had a mixed market. Meaning not all stock index futures rise overnight. One night YM may rally the next few days its only NQ.

One thing is certain, over 70% of the time they rally overnight. Without the magic futures the stock indexes would most likely turn in flat to negative annual gains.