Monday’s action was so extreme that it engulfed the last 2 days. The Quantifinder identified the below study, which I last looked at in the subscriber letter a little over a year ago. Results are all up-to-date.
While the immediate 1-3 day reaction has been unreliable, these extreme outside days with poor closes have commonly been followed by upside over the 4-10 day period.
1 comment:
Another interesting analytical slant on the market action, Rob. Thanks for sharing it with us!
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