Too few instances to base any solid conclusions on. Perhaps some indication from the early returns that the market has a chance to rally today...
Thursday, March 17, 2011
From Fear to Excitement Overnight
Yesterday's action was marked by fear as evidenced by the 20% spike in the VIX. This morning the SPY is gapping up 1.5%. Here's a quick look at other instances where extreme fear turned to extreme euphoria while the NYSE was closed.
Too few instances to base any solid conclusions on. Perhaps some indication from the early returns that the market has a chance to rally today...
Too few instances to base any solid conclusions on. Perhaps some indication from the early returns that the market has a chance to rally today...
Good work, as always. Thx!
ReplyDeleteThis pattern could be a subset of the 'VIX closes under the upper 20 day 2 sd Bollinger band after closing over' pattern.