Thursday, January 19, 2006
Gap numbers
This is the chart I keep by my desk. This came from a study. Not sure who did the study but I got it from Hubert at Tradethemarkets.com in a free cbot seminar he did. He is a great trader. Here goes
% odds of a close for each day:
Monday 65
Tuesday 77
Wednesday 79
Thursday 82
Friday 78
% by the S&P point gap
1 93
2 90
3 82
4 86
5 60
6 77
7 71
After 7 points the odds quickly drop below 50% so I would take them.
Trader X
% odds of a close for each day:
Monday 65
Tuesday 77
Wednesday 79
Thursday 82
Friday 78
% by the S&P point gap
1 93
2 90
3 82
4 86
5 60
6 77
7 71
After 7 points the odds quickly drop below 50% so I would take them.
Trader X
