Nasdaq gap down history

[EqtTrdr]

Quote from reno4nook:

The Nasdaq gapped down over 10 points this morning.

I would expect the chances of Wednesday's closing price to be lower than today's open to be about 2-1

thanks for the check in

 

[reno4nook]

Another 10 point gap down on the Nasdaq today. Last time that happened on March 6th, the market rallied for a few hours, then showed substantial weakness for the next several days..

Historically when the Nasdaq gaps down this much, the odds of weakness the next couple of days is about 68%..

 

[duard]

Quote from reno4nook:

Another 10 point gap down on the Nasdaq today. Last time that happened on March 6th, the market rallied for a few hours, then showed substantial weakness for the next several days..

Historically when the Nasdaq gaps down this much, the odds of weakness the next couple of days is about 68%..

Thanks for the stats. Love those stats.

D.