These results were similar to a few scenarios I ran. The evidence suggests no edge in trying to buy the low open. In fact there may be a bit of a downside edge from open to close today. Historically, things have gotten worse throughout the day.
Friday, February 10, 2012
Large Gaps Down From 50-day Highs
Big gap down from yesterday's high. Below is one way to look at it.
These results were similar to a few scenarios I ran. The evidence suggests no edge in trying to buy the low open. In fact there may be a bit of a downside edge from open to close today. Historically, things have gotten worse throughout the day.
These results were similar to a few scenarios I ran. The evidence suggests no edge in trying to buy the low open. In fact there may be a bit of a downside edge from open to close today. Historically, things have gotten worse throughout the day.
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