The numbers here suggest a decent downside edge that has generally played out over the next 3 days.
Monday, June 24, 2013
Why Friday's Weak Bounce Was Not Encouraging
The first day of a bounce from an oversold condition can often provide strong hints about how the next several days are likely to perform. Weak bounces like we saw on Friday tend to have a much lower success rate over the following days. The study below appeared in Friday’s Quantifinder. It exemplifies this concept.
The numbers here suggest a decent downside edge that has generally played out over the next 3 days.
The numbers here suggest a decent downside edge that has generally played out over the next 3 days.
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