Though instances are low statistics at this point appear solidly bearish, suggesting a possible 1-day downside edge. The high downside risk vs the small upside reward makes the results especially compelling for the bears.
Wednesday, December 21, 2011
When 90% Down Days Are Followed By 90% Up Days
After seeing over 90% of the volume come to the downside on Monday, Tuesday registered a 90%+ upside volume day. A 90% down followed by a 90% up day is something that was never seen from 1970 – 2006. But this is the 10th time we’ve seen it happen since the beginning of 2007. Below I have listed the previous 9 and shown how the SPX has fared the following day.
Though instances are low statistics at this point appear solidly bearish, suggesting a possible 1-day downside edge. The high downside risk vs the small upside reward makes the results especially compelling for the bears.
Though instances are low statistics at this point appear solidly bearish, suggesting a possible 1-day downside edge. The high downside risk vs the small upside reward makes the results especially compelling for the bears.
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1 comment:
great blog
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