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.

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2 comments:

  1. UnknownAugust 29, 2013 at 10:42 AM

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

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  2. Rob HannaAugust 29, 2013 at 10:47 AM

    Hi Andreas,

    Answer here:
    http://quantifiableedges.blogspot.com/2010/06/mystery-of-declining-instances.html

    Best,
    Rob

    ReplyDelete