October 2nd 2006, Black Monday?

[formikatrading]

And today was Yom Kippur.

 

[romik]

Quote from formikatrading:

And today was Yom Kippur.

So which side does the Jewish trading community favour at the mo, Long or Short?

 

[Comptalk]

Whichever yeilds the best results.

 

[alesanti]

Quote from dan05:

Your Welcome!

The prediction for the ER today was good. Check the chart.

The system made 10.70 pts, and could have made more if I had trailed the stops. Anyway not bad at all.

Adding all traded markets the results for the day was

$1,655.45 per traded contract.

I know that from the daily prediction perspective it was not a black monday, as I stated 15 days ago, but may be the predicted movement is starting. I'm no swing trader expert.


Take care.

Hey, can you show an update of the daily prediction for the dow?

 

[dan05]

Hi alesanti.

Please find attached the update for the DJIA Daily prediction.

System still predicts a down turn. Any thoughts?

 

[blk]

Quote from dan05:

Hi alesanti.

Please find attached the update for the DJIA Daily prediction.

System still predicts a down turn. Any thoughts?

Only one - this system is nuts (atleast when it comes to swing trading)

 

[romik]

Quote from blk:

Only one - this system is nuts (atleast when it comes to swing trading)

I believe the system analyses TA, but there seems to be a lot of logic in DJIA being artificially driven, MyMini seemed to nail this one pretty well ages ago. Most indices were sold pretty well today in morning session.

 

[blk]

Quote from romik:

I believe the system analyses TA, but there seems to be a lot of logic in DJIA being artificially driven,

Well, even if they've been artificially driving it up the Dow, havent they been doing it for days?

If I understand correctly, this system should have taken in that information to "predict" outcomes.

So markets are random. Just way too many variables to predict anything. Take oil sell-off for one - this is being pointed to as the rally's cause.

 

[roctrend]

My thoughts are ET will continue to be a s-t fade trade as long as I live. Thanks for letting me get long early today!!!! Out

 

[BCE]

Well so much for Black Monday and Tuesday. LOL We misread that one, so far at least. Didn't see a Black Monday but did think the market was overbought. Who knew oil would continue to tank the way it has. Surprised. As I mentioned in another thread, you wonder if they're deliberately flooding the market to help with the Novermber elections. Lost some of my profits from Friday and yesterday this AM from having a short bias. Oh, well. That's trading. Managed to get half of it back now though. We'll see how the close goes. Good trading guys.