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.
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhvZxjsoUxIEuVNvkdhB9sD2l6al6e3cDrTzedVlM4F_H9blsuQbJHcZBYZWQHyAUCaWOudMRyb1H79WSMgj_nCoDLIb5rYivu1cdebDJnD4mT0AT0XqpMT2Er-MZo2SxtGU5-OumKuF8Im/s800/2010-6-25.png)
For the short-term at least, such negative breadth appears to suggest a bounce.
1 comment:
Any thoughts on the frequency of these 90% up/down days that seem to now be a weekly occurrence?
Post a Comment