All the stats heavily favor a rally on Tuesday, and if not Tuesday, then Wednesday. Perhaps the bulls can win a day or two here.
Of course the current environment is a bit more extreme than most of the sample...
Tuesday, October 4, 2011
A Turnaround Tuesday Scenario
Tuesday happens to be the most likely day of the week for a turnaround. I first examined this in the 1/13/09 blog. With the last 2 days being heavily lopsided to the downside the odds of a turnaround on Tuesday are even higher. This is demonstrated in the study below.
All the stats heavily favor a rally on Tuesday, and if not Tuesday, then Wednesday. Perhaps the bulls can win a day or two here.
Of course the current environment is a bit more extreme than most of the sample...
All the stats heavily favor a rally on Tuesday, and if not Tuesday, then Wednesday. Perhaps the bulls can win a day or two here.
Of course the current environment is a bit more extreme than most of the sample...
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2 comments:
Love your work, will look to see if the Aussie market plays follow the leader on Wednesdays
ST
I wonder have many thought that the market would reverse yesterday landing on a solid gain when all support broke. Well, I did :)
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