Daily Seasonal Tendencies
Many markets exhibit strong seasonality on a daily basis. Although it
could be argued statistically that a lengthier data history is needed for some
of the daily seasonals, the fact is that seasonals do exist and that their
reliability has been aptly demonstrated and validated by Art Merrill in his
classic book, The
Behavior of Prices on Wall Street.
Since daily seasonals work best in the most active markets where the
largest intraday moves are likely, I urge you to restrict your trading to these
markets. In order to assist you in this venture, I am providing you below with
my latest daily seasonal listings in S&P, Swiss franc, and T-bond futures
in Figures 16-8, 16-9, and 16-10. Note that these listings will change each
year as more data are available. Should you wish to acquire up-to-date
listings, please contact my office (MBH Commodity Advisors, Inc., P.O. Box 353,
Winnetka, 111. 60093). Please read the instructions in Figure 16-8 for
interpreting the lists.
Category: Day trader
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