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Strategies & Market Trends : Systems, Strategies and Resources for Trading Futures -- Ignore unavailable to you. Want to Upgrade?


To: GROUND ZERO™ who wrote (39840)11/3/1999 6:50:00 PM
From: Matthew L. Jones  Read Replies (1) | Respond to of 44573
 
GZ,

When I was out at the Daytrading Expo I attended a workshop on trading the S&P's and one on backtesting systems which was geared around the S&P's. During one of the sessions, the guy teaching said that typically the guys in the pits at the CME would typically run the futures out to the day's range up then down or down then up during the first hour of trading. Do you find this rule of thumb to be valid? I'm not seeing it (but then I've not been watching the futures for that long)? Thanks.

Matt