Things were looking ugly as of Sunday night. With Monday's drop the short-term may be getting a bit overdone.
Tuesday, July 29, 2008
After The Market Drops Hard Two of Three Days...
The S&P 500 dropped over 1.75% today. This was the 2nd time in 3 days this has happened. Below is a table showing how the market has performed after other such instances:
Things were looking ugly as of Sunday night. With Monday's drop the short-term may be getting a bit overdone.
Things were looking ugly as of Sunday night. With Monday's drop the short-term may be getting a bit overdone.
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3 comments:
With the current article and the last, so you expect higher market shorter term and lower longer term? These two article seems to contradict each other if is on the same time frame...
Getting studies that contradict each other is what makes the interpretation interesting. Like indicators, there frequently will be some contradiction.
One tool I use for visualization of the net influence of the studies is the Aggregator. See my July 4th post for a further explanation.
Regards,
Rob
Only two days?. It means, one of the days must be no with a 1,75 lost?
Thanks for your article
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