Only 4 instances make it dangerous to draw any solid conclusions. I'll let readers do their own interpretations. I would note that all 4 instances took place in September or October of 2008.
Monday, May 10, 2010
Monster Gaps Higher
As of now the market is gapping up very strongly on bailout news. SPY is up over 4% as I type. I looked back to find other instances of monster gaps and how the market behaved on those days. For this study I required the gap to be at least 3%. Results below.
Only 4 instances make it dangerous to draw any solid conclusions. I'll let readers do their own interpretations. I would note that all 4 instances took place in September or October of 2008.
Only 4 instances make it dangerous to draw any solid conclusions. I'll let readers do their own interpretations. I would note that all 4 instances took place in September or October of 2008.
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