aug monday, page-30

Mmmm Wogboy...

I am surprised at your surprise at the market direction today...

I often make simple "predictions" of our daily market direction opposite to the US. I base them on our market doing the opposite of what the US MArkets did on close, with the caveat that what the USMarkets did on close has to be hard n fast.

this phenomenon has been ongoing for a few months and I suspect for a lot longer than that.

I encapsulate it in the phrase
"UsMarkets dynamically down at or after the closing bell, XJO/SPI UP during cash session. USMarkets dynamically up at or after the closing bell, XJO/SPI session down."

I generally punt for 20 points as my grab based on this "trading plan", based on opening a position when our cash futures opens.

It appears to be a "goody".

Our market moving opposit to the finish of the US market no longer surprises me, and in fact I beleive it's tradeable.


;)