Quote from EqtTrdr:
please refer to the appropriate thread entitled "MIDNIGHT RALLY"
http://www.elitetrader.com/vb/showthread.php?s=&threadid=47055
I did. Forgive me my ignorance, but if my question was inappropriate in this thread, how come you can cheerlead the strategy here, and exactly at the wrong time, when it didn't work???
I am just trying to understand the idea, because I don't think there is a statistical advantage of being long overnight vs. being short. But let's continue this in the Midnight rally thread....