Thursday, August 29, 2013

A Simple Look At Bounces From 20-Day Lows During Long-Term Uptrends

The study below is from last night’s Subscriber Letter.  It looks at a possible reversal pattern off a 20-day low, and uses very simple criteria.  

Results here seem to suggest a solid upside edge.  Intermediate-term lows in long-term uptrends often offer buying opportunities.  And they are commonly good for more than just a 1-day bounce.


Andreas Marquardt said...

Hi, interesting as always. But why are the number of trades decreasing with the holding days?

Rob Hanna said...

Hi Andreas,

Answer here: