Who Is Bluffing, from Sushil Kedia
Last week:
Close > Open as well as Close > Close_prev_week for S&P Futures, Gold Futures, Long Bond futures and behold also the Dollar Index Futures!
Who is bluffing? And how?
105 Bluffs since 1st Jan 1990 to date wherein Friday to Friday close of SP1, US1, GC1 and DX1 was higher.
T+1 Bonds Stocks Gold Dollar
Mean -0.1090 0.0190 0.0753 0.1489
SD 1.4624 0.0011 2.3219 1.2472
Avg Pos 1.0443 0.0190 1.7733 0.9865
Avg Neg -1.1182 NA -1.5872 -0.8848
A "bluff" as defined above has NEVER Produced a negative return in SP1 in the following week! Why?
Jordan Neuman writes:
Is that an average 1.9% gain for the S&P?
Victor Niederhoffer asks:
What is this pattern?