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Watch list for week of 7-3-06 at 2006-07-09 19:42:47 The nasdaq summation index $NASI has turned positive over the last couple of days, so if I had to guess I'd say that short term bias is probably up, but volume will probably be light due to July 4.
I had a relaxing weekend sitting around coding the ma
"About your observation about there being a big premium that daytraders miss by not holding overnight risk. You should take a closer look at your data. Re-run the spreadsheet and this time start from about September 2002. You will see the relationship almost breaks down. Shorting overnight or going long over night yields more or less the same return.
"To play devil's advocate...if your test shows the tide is against daytraders and against investors. Is the tide with those brave souls willing to hold overnight and dump their holdings the next day? Hold short-term? Long-term? What criteria are you using to determine the tide is with if you trade like yourself? Are you adjusting your exits depending
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Watch list for week of 6-19-06 at 2006-07-09 19:42:47 I'm convinced that the long-term market trend is down and that we're experiencing the first bear rally. The naz gained almost 3% on Thursday. That's the kind of stuff you see in bear markets. I'm out of almost all long positions, and will be closing the rest out over the next two to four weeks. I'll be shorting opportunistically, but not aggressively yet. Before I show my computer generated w
