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You're giving a 99.25% chance of a gap up tomorrow. That's confidence.Harapa wrote:Yes, means tomorrow SPY opens lower by 0.75% relative to today's close.uempel wrote:You mean 0.75%, not 75%, right?Harapa wrote:Chance of "Gap down > 0.75%" tomorrow per New M05 setup is only 15% (an observation not a firm conclusion due to low n)uempel wrote:Last chart, bye guys
Here is the data
since March 2012
GAP by 0.75%
Gap Up/Gap Dn/T-Status
8/ 2/ T-Buy
1/ 11/ T-Sell
89%/ 15%/ % Gap up/dn
Current Status: T-Buy
Great trade daytradingES! NicedaytradingES wrote:closed at SE
sim
NTA
so in other words 85% chance of no gap down tomorrow, correct?Harapa wrote:uempel wrote:Harapa wrote:Chance of "Gap down > 0.75%" tomorrow per New M05 setup is only 15% (an observation not a firm conclusion due to low n)uempel wrote:Last chart, bye guys
Let me repharase the statement, which appears to be confusing most folks here.Al_Dente wrote:so in other words 85% chance of no gap down tomorrow, correct?Harapa wrote:uempel wrote:Harapa wrote:Chance of "Gap down > 0.75%" tomorrow per New M05 setup is only 15% (an observation not a firm conclusion due to low n)uempel wrote:Last chart, bye guys
Thanks Clark!ClarkW wrote:Great trade daytradingES! NicedaytradingES wrote:closed at SE
sim
NTA
Thanks for this link LTL_T wrote:Interesting thing I found at finviz.com. You can create custom chart screenings and use the URL to show others all of them on one page. For example, here are a few whose charts are uber-bullish/up-trending (Cobra gets credit for EXPE being on the list):
http://finviz.com/screener.ashx?v=211&t ... S,DFS,EXPE
congratulations DT, right on the moneydaytradingES wrote:snaps of FE and SE
Thanks RF!Royal Flush wrote:congratulations DT, right on the moneydaytradingES wrote:snaps of FE and SE
Thanks for posting you spreadsheet results. I presume your "Best Guess" is just that and applies to the Globex session?daytradingES wrote:Thanks RF!Royal Flush wrote:congratulations DT, right on the moneydaytradingES wrote:snaps of FE and SE
Royal Flush wrote:Thanks for posting you spreadsheet results. I presume your "Best Guess" is just that and applies to the Globex session?daytradingES wrote:Thanks RF!Royal Flush wrote:congratulations DT, right on the moneydaytradingES wrote:snaps of FE and SE