the BEST "one thing" that indicates to US market direction for the day is...

[stock_trad3r]

ES futures very good indicator

 

[increasenow]

Quote from stock_trad3r:

ES futures very good indicator

thanks a lot!

 

[trader_arb]

Quote from SchraderTrader:

The Yen was a fairly accurate predictor for much of this year. No more though.

The most important thing now is whether or not the writedowns come in lower or higher than expected. Any big surprises in the mortgage slop and expect a 200+ point drop.

I remember reading somewhere the Yen/US market had a 0.93 correlation (for direction). carry trade related, everything works until it doesn't

 

[nkhoi]

DAX is it.

 

[increasenow]

Quote from nkhoi:

DAX is it.

be interesting to see all the %'s on every overnight index and how it effects ES in RTH...

 

[Renegen]

Quote from increasenow:

thanks a lot!

Someone could give you the holy grail and you wouldn't even know it.

 

[Anekdoten]

Start from here...

 

[Spydertrader]

Quote from increasenow:

which is the BEST indicator for the ..... Blah, Blah, Blah

The day you stop trying to fit the market into whatever arbitrary construct your mind creates is the day you'll begin your journey toward profitability.

- Spydertrader

 

[Steve Tvardek]

well said ST

Quote from Spydertrader:

The day you stop trying to fit the market into whatever arbitrary construct your mind creates is the day you'll begin your journey toward profitability.

- Spydertrader

 

[nutmeg]

Quote from Spydertrader:

The day you stop trying to fit the market into whatever arbitrary construct your mind creates is the day you'll begin your journey toward profitability.

- Spydertrader

I agree, In the end you're just going to have a bunch of answers on a page each one defended with reason and logic and be no further ahead.