Friday, June 25, 2010

Two 90% Down Days In One Week

It was just a little over a week ago that I was examining what occurs after the market posts 2 90% Up Days in a 1-week period. The results appeared quite bullish. Thursday we saw the 2nd 90% down day in the last 3 days. I stretched the requirement out to 1 week and took a look.

For the short-term at least, such negative breadth appears to suggest a bounce.

1 comment:

1leone said...

Any thoughts on the frequency of these 90% up/down days that seem to now be a weekly occurrence?