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Don't care much about guessing, because
guessing can only hurt trading.
But, if I had to guess. I would go with what
happened today.
If it closed higher today then I would guess higher
tomorrow.
If it closed lower today then I would guess lower
tomorrow.
The reason I would guess this way is. I
wouldn't need even one computer.
I wouldn't need a monitor. Wouldn't
matter if I had never traded or if I had been trading for 50 years. It
wouldn't amaze me either.
I am not going to try it, but if I did I
would do it the way I said above.
----- Original Message -----
Sent: Tuesday, March 01, 2005 10:05
AM
Subject: [RT] in search of the
grail
Just for amusement, I have
been trying to see if I can guess the market close. Not the exact price,
just will it close higher or lower than yesterday. As I sit here with my
three computers, ten monitors, and several years experience trading for a
living, I am amazed that I cannot seem to do it with any consistency. I
figure it's about a fifty-fifty shot and by trying everything I can think of,
I might get as high as fifty three percent. I've been using the E-mini
close to try it. Honestly, I figured with my experience and technology I would
be able to get it right in the high seventy percent range.
Anybody on the list care
to try it, post their results, and give some clues as to how they do
it?
Prosper
John Gallagher
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