I also did a 4-week filter and though instances were greatly reduced the numbers looked much the same. This study suggests a moderate upside edge and hints that persistent uptrends normally wither before they die, rather than turn on a dime.
Friday, May 24, 2013
SPY Closes At A 5-Day Low For The 1st Time In A Long Time
On Tuesday the SPY closed at a 5-day low for the 1st time in over 4 weeks. This triggered the study below, which I last showed on the blog in December.
I also did a 4-week filter and though instances were greatly reduced the numbers looked much the same. This study suggests a moderate upside edge and hints that persistent uptrends normally wither before they die, rather than turn on a dime.
I also did a 4-week filter and though instances were greatly reduced the numbers looked much the same. This study suggests a moderate upside edge and hints that persistent uptrends normally wither before they die, rather than turn on a dime.
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2 comments:
"Persistent uptrends normally wither before they die, rather than turn on a dime."
Quite true Mr. Hanna, normally and in general. But take a look at IYR, the large REIT etal etf.. One might think they were looking at the chart patterns of a small pharmaceutical company whose promising new drug study just went sour.
What has changed about REITs and rentals? Something is afoot.
(note prior entry did not format right)
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