I would think it could be a warning sign indicating a good time to exit the long, at least, take a partial of money off the table.
abaqus 发表于 2009-8-24 10:42
After 10:30am ET if there's new intraday high then it could be an up trend day according to www.sentimentrader.com. Not sure that statistics fit for small gap or not though.
the gap didn't close after 10:30. Is the gap going to be get filled?
August 24, 2009 11:10 AM
Cobra said...
After 10:30am ET if there's new intraday high then it could be ...
Cobra 发表于 2009-8-24 11:08
Seasonality & Report Guide
SEASONALITY
# Trades Total % Win Long Win % Short Win %
Monday 484 68.6 68.3 68.9
24th of month 80 73.8 76.5 71.7
August 169 73% 69% 77%
Notes:
(a)"Raw" historical results for E-Mini S&P 500 futures: 1998 - 2008, end of day exit if gap did not fill.
(b) "# of Trades " = sample size (gap occurrences on this day/date)
(c) "Long Win %" = % of down gaps that were faded profitably and vice versa.