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This is a follow-up on my posting Trading the Odds on Thursday – August 13, 2009.
Due to the fact that ES (E-MINI S&P 500) futures are already up +1.0% at time of writing (05:50am CET), a favorable opportunity on the short side of the market m
Wednesday's session (almost) perfectly complied to the probabilities and odds based on those setups which were triggered on Tuesday's close, especially to the bullish bias beginning on close of a session immediately preceding an FOMC announcement se
Tuesday's session finally broke the streak of 21 consecutive sessions so far where the ES (E-MINI S&P 500) didn't loose -0.60% or more on the close and 12 consecutive session where the BKX Bank Index out-performed the ES (E-MINI S&P 500), an
Monday's session marked the 21th consecutive session where the ES (E-MINI S&P 500) didn't loose -0.60% or more on the close, the 13th out of the last 14 sessions where the BKX Philadelphia Bank Index closed up, and the 12th consecutive session w
Friday's session marked the 20th consecutive session where the ES (E-MINI S&P 500) didn't loose -0.60% or more on the close, and the 11th consecutive session where the BKX Banking Index out-performed the ES (E-MINI S&P 500).
The ES (E-MINI S
I'll be out of office on Friday, so posting will resume over the weekend (for Monday's session).
By the way: The most reliable pattern these days seems to be the market't tendency to defy all odds and do the opposite of what it is supposed to do (ju
Tuesday's session marked the seventeenth consecutive session where the ES (E-MINI S&P 500) didn't loose -0.50% or more on the close.
The ES (E-MINI S&P 500) opened lower -0.50%, posted an intraday low of -0.75% below Monday's close, but reve