click table to enlarge
The fact that there was a pullback within three days every time is a fairly compelling stat. There have been 2 upmoves occur in the 6-day holding period since I published the first set of results last September. They both had pullbacks first though, allowing either opportunity for profit or at least a chance to move your stop to breakeven. Below I’ve listed all the trades along with their 6-day exit:
Note even the 2 most recent losers saw some sizable pullbacks. The 3/6/09 instance which came very close to the bottom was the worst of the bunch from a short perspective but still moved south by over 1.5% before launching higher.