The low number of instances means this is more “interesting” than “significant”. The pattern was fairly consistent as 5 of the 6 closed below the entry point within the next week before launching higher. The six instances occurred on 10/28/97, 10/15/98, 1/3/01, 7/24/02, 3/17/03, and 1/23/08. Some significant bottoms in that mix. The only instance that didn’t pull back within the next week was 10/15/98.
3 comments:
Rob, is there a 9/16/08 CBI Reading update? Thanks!
Rob, don't you think 6 datas is too small to be considered statistically significant.
Yes. That's why I wrote that it was "interesting" but not "significant". (First line under the table.)
Not all of the tests I post are "significant". Some are just oddities I find interesting or notable. See my July 10th post for some of my thoughts on statistical significance.
Rob
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