New and Improved ADP! LOL

Something I picked up at FXCM's Squawk Box:


Problem is: its been so wrong so many times. This is a "Boy who cried wolf" syndrome.

LOL curve fitting is not just for the newbie system developer.

That's hilarious!

So if the previous version was 100% wrong, what exactly is 90% of nothing?

Hmm nothing, or completely wrong... LOL

Let it be 100% wrong, but psychology causes good reactions sometimes.

http://www.understandmarket.com/images/chart1.png

I just read a little blurb on this at WSJ

http://blogs.wsj.com/marketbeat/2007...shiny-and-new/

They increased the size of the data sample (to 400k payrolls from 125k) and according to their backtesting, matches the revision numbers with 85% accuracy.

I wont trade this release, or the BLS NFP report based on this data until its proven to move the markets more that it does now.

So I had this question about ADP and I posted it here,
http://www.forexfactory.com/showpost...postcount=7713

but now realize it goes better here.

I read the WSJ blog. Will ADP ever become a reliable predictor of NFP?

I am not much of a news trader, so I am asking, not offering an opinion, as I do not have the news background to do so.