Odds Czar: Simple Biases In the Futures Market: 2008

Art's futures biases for July 23.

A "1" means bullish bias. A "-1" means bearish bias. The total is the sum of biases. A positive sum will be long bias. A negative sum will be a short bias. A sum of zero will be a neutral bias.
 

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Art's futures biases for July 25.

A "1" means bullish bias. A "-1" means bearish bias. The total is the sum of biases. A positive sum will be long bias. A negative sum will be a short bias. A sum of zero will be a neutral bias.

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Might it be possible that there will actually be downside follow-through off such a big stock decline day? It doesn't happen often and the CzarCharts are not unanimous, but the majority of the indicators are pointing south. Note also how many of the less-frequent signals of the second box are flashing sells.
Both the bond and currency complex, on the other hand, are projecting higher.
 

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Art's futures biases for July 28.

A "1" means bullish bias. A "-1" means bearish bias. The total is the sum of biases. A positive sum will be long bias. A negative sum will be a short bias. A sum of zero will be a neutral bias.

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For Monday, the CzarCharts are showing weakness across the bond complex.
 

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Art's futures biases for July 29.

A "1" means bullish bias. A "-1" means bearish bias. The total is the sum of biases. A positive sum will be long bias. A negative sum will be a short bias. A sum of zero will be a neutral bias.

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For Tuesday, the stock indices should reverse direction to the upside.
 

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Art's futures biases for July 30.

A "1" means bullish bias. A "-1" means bearish bias. The total is the sum of biases. A positive sum will be long bias. A negative sum will be a short bias. A sum of zero will be a neutral bias.

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For Wednesday, the CzarCharts are flashing uncontested sell signals in the bond complex and continental currencies.
 

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Quote from Art Collins:


1. The average trader can't succeed unless he or she is 100% mechanical. Most of us can not "hear what the markets are telling us" because for all practical purposes, the markets ain't saying squat.
2. Human psychology tends to be drastically out of synch with what is needed to trade successfully.
3. When one combines mechanical with discretionary, one tends to get the worst of both worlds.
4. Simple is best.
5. Basic elements can be combined to create greater wholes.
6. Day trading can work, but there are inherent problems compared to other types of trading. The main problem lies in the relatively small trading arcs compared to trading costs.
7. Ideas have to test well over a fairly wide array of times and markets in order to be considered trustworthy.
8. When you do decide to trade a mechanical system, you must adequately budget for it. You must also follow all signals exactly as mandated.
More...

My God, those are the exact conclusions I have come to. The human brain is no match for the market, trading is best left to machines, and simple systems are best. Unbelievably simple, in my case.

Nice to hear it validated by a market veteran (which I am not). Best of trading to you.
 
Art's futures biases for July 31.

A "1" means bullish bias. A "-1" means bearish bias. The total is the sum of biases. A positive sum will be long bias. A negative sum will be a short bias. A sum of zero will be a neutral bias.

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Expect sell-offs in the bond and currency complex on Thursday.
 

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Art's futures biases for Aug 1.

A "1" means bullish bias. A "-1" means bearish bias. The total is the sum of biases. A positive sum will be long bias. A negative sum will be a short bias. A sum of zero will be a neutral bias.

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The indices should continue their down move on Friday. Interestingly, the bond complex is also flashing sells. Usually one complex or the other gives in that scenario, but obviously that's not written in stone. I will be approaching all the above-mentioned from the short side.
 

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Art's futures biases for Aug 4.

A "1" means bullish bias. A "-1" means bearish bias. The total is the sum of biases. A positive sum will be long bias. A negative sum will be a short bias. A sum of zero will be a neutral bias.
 

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Art's futures biases for Aug 5.

A "1" means bullish bias. A "-1" means bearish bias. The total is the sum of biases. A positive sum will be long bias. A negative sum will be a short bias. A sum of zero will be a neutral bias.

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The CzarCharts are flashing clear buy signals in the indices for Tuesday.
 

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