(click to enlarge)
The only instance that did NOT post a lower close within 3 days was just 2 weeks ago – on 6/23/09.
Friday, July 10, 2009
Another Example of a Weak Bounce
My studies indicated a bounce was likely yesterday. It arrived, but unfortunately it was another example of a weak bounce. Below is a study that looks at SPY bounces from lows that lack volume.
(click to enlarge)
The only instance that did NOT post a lower close within 3 days was just 2 weeks ago – on 6/23/09.
(click to enlarge)
The only instance that did NOT post a lower close within 3 days was just 2 weeks ago – on 6/23/09.
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