Apr

6

In yen/dollar above 10000 yesterday for first time since Oct. 21, 2007 and Nikkei today above 9000 for the first time since Jan. 2009. Gold below 900 for first time since 2/09, Dow above 8000 for first time since Feb. 09, and Vix below 40 for first time since Jan 28. Lobogola lives.


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2 Comments so far

  1. Mark Johnson/White Glove Moving on April 6, 2009 4:41 pm

    Dear Vic and laurel,

    Nice article on betting horses and the markets if you would like to post it.

    How Betting The Horses Makes Better Investors
    Bill Feingold
    Monday April 6, 2009, 10:55 am EDT

    http://finance.yahoo.com/news/How-Betting-The-Horses-Makes-minyanville-14858431.html

  2. Chris Monoki on April 12, 2009 4:41 pm

    Battle at round numbers. Stops, limits and perceived support and resistence levels are more prevelant at round numbers. I suspect that reasons behind round numbers are behavioral, but I have not read any study supporting such thought, with the exception of Niederhoffer’s LoBagola.

    Battles at round numbers I prey on. Say a stock is +/-$10 a couple of pennies. Should the stock surpass either $9.93 or $10.07 there’s a likelihood of the stock going to ~$9.80 or ~$10.20.

    I don’t have statistical data to support this notion, only observation. I suspect that those who understand (or perceive) round numbers place their stops or limits a couple of pennies out…let the situation play out.

    I’ve also obversed supra-round and sub-round numbers at work: the former breaks in either direction, there’s a profound continuing trend; the latter breaks in either direction, the result is the same, but the time and profoundness are smaller.

    Keep pressing,
    Chris Monoki

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