There appears to be a high probability of immediate follow-through. After the first 1-2 days, though, expectations expectations for the next 2-3 weeks turn negative.
Tuesday, January 5, 2010
After An Up Day To Start The Year
One interesting study I showed in last night’s Subscriber Letter was to look at market performance following a positive 1st day of the year. Below are the results:
There appears to be a high probability of immediate follow-through. After the first 1-2 days, though, expectations expectations for the next 2-3 weeks turn negative.
There appears to be a high probability of immediate follow-through. After the first 1-2 days, though, expectations expectations for the next 2-3 weeks turn negative.
are you using trading days only... not calendar days for this study?
ReplyDeleteI am assuming yes. it is very interesting.