Under these circumstances, it appears bounces have been both reliable and powerful.
Friday, March 23, 2012
The Strong Edge Suggested By Similar Pullbacks In The Past
In last night’s letter I decided to look at other times where a 3-day pullback was coming off a 50-day high and was strong enough to put SPY below its 10ma, but not strong enough to make it close at a 10-day low. These filters seem to fairly represent the current situation, and the results were quite compelling.
Under these circumstances, it appears bounces have been both reliable and powerful.
Under these circumstances, it appears bounces have been both reliable and powerful.
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