Wednesday, May 19, 2010

From 1% Up Intraday to 1% Down Close

Below is a study that appeared in last night's Subscriber Letter that looks at Tuesday's volatile action.

A few notes:

1) While results are explosive, instances are very low. Rather than including this among my Active Studies List I have simply decided to track it going forward.
2) Without the 200ma filter the results are no longer bullish. There were some big declines followingthis type of action during a downtrend.

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