Only a surprise rate cut can save you.
Black Weds
- Thread starter jreynolds212
- Start date
Only a surprise rate cut can save you.
Great blog post:
http://quantifiableedges.blogspot.com/2008/01/extremely-weak-breadth-and-possible-gap.html
Of the 5 days in previous history when down volume on the NYSE exceeded up volume by 9:1 as it did yesterday, AND the market gapped lower at the open (as futures indicate), all 5 days resulted in a close higher on the day, avg gain of +3% on the S&P 500.
Obviously, the sample size is a bit sparse, but interesting nonetheless.. be on your guard for a possible big reversal day.
http://quantifiableedges.blogspot.com/2008/01/extremely-weak-breadth-and-possible-gap.html
Of the 5 days in previous history when down volume on the NYSE exceeded up volume by 9:1 as it did yesterday, AND the market gapped lower at the open (as futures indicate), all 5 days resulted in a close higher on the day, avg gain of +3% on the S&P 500.
Obviously, the sample size is a bit sparse, but interesting nonetheless.. be on your guard for a possible big reversal day.
Oh no - this is terrible. It's already Wednesday? Where'd my week go.
Hmm...I wonder what the market will do today?
Hmm...I wonder what the market will do today?