Stats across the board including Win %, Win:Loss Ratio, Profit Factor, and Average Trade all favor the bears. This is the case not just for a few days but even for a few weeks.
Monday, September 13, 2010
Very Low Volume & Range Often Make For A Bearish Combination
In general very low volume and range when the market is not above its 200ma will lead to a pullback. I showed several studies along these lines in the subscriber letter this weekend. One with both short and intermediate-term implications is below.
Stats across the board including Win %, Win:Loss Ratio, Profit Factor, and Average Trade all favor the bears. This is the case not just for a few days but even for a few weeks.
Stats across the board including Win %, Win:Loss Ratio, Profit Factor, and Average Trade all favor the bears. This is the case not just for a few days but even for a few weeks.
Great site, love your analysis.
ReplyDeleteBy "lowest range", what do you mean?
Hi Brady,
ReplyDeleteSmallest intraday range (high of day - low of day) for SPY.
Best,
Rob
I found out about your site through Jeff Watson
ReplyDeletemasteroftheuniverse a few years ago, awesome work
keep it up. Question, today the s&p did close above
it's 200ma, what does your study suggest now?
Thank you,
G