As I see it, there is the human side of this, and the automated side.
They run programs after the close to calculate the automated after-the-fact view of things.
After the close, it's pretty easy to see whether taking action at the open (or the close or any where really) is a good idea or not. In that respect, they make themselves look pretty smart, and avoid looking foolish.
Not real honest. And not exactly what a human could hope to accomplish.
I don't think either is a good play today.
Out of TNA
Be careful!
I got out yesterday.
Am back in this morning, scaling in.
Carl is Long one unit at 1119.50
Earl, are you still in TNA
Carl just now;
March S&P E-mini Futures: Today's range estimate is again 1116-1130. I expect the market to reach 1200 over the next three months.
1116-1130 estimate today and yesterday
from here (1120.50) that's -4.5 to +9.5
Carl was flat overnight
$SPX 60 min chart
http://www.flickr.com/photos/47091634@N04/44057…
Yesterday afternoons reaction again backtested the controlling trendline that the market has been dancing with since 1/22/2010
with yesterday afternoons sell off that makes 2 consecutive afternoon sell offs, if we get one today then the probability of a trend week increases
But then again, humans can decide when to play and when not to play. Or whether to play small or go large.
That should allow a human to do better then americanbulls, even when the entries and exits are not perfect.
I don't think you are missing anything 🙂
As I see it, there is the human side of this, and the automated side.
They run programs after the close to calculate the automated after-the-fact view of things.
After the close, it's pretty easy to see whether taking action at the open (or the close or any where really) is a good idea or not. In that respect, they make themselves look pretty smart, and avoid looking foolish.
Not real honest. And not exactly what a human could hope to accomplish.