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.

1 comment:

Podoloski advani said...

This article is mind blowing I read it and enjoyed. I always find this type of article to learn and gather knowledge.

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