The bear market rally is now done - Monday starts another downtrend - see attached

Quote from Landis82:

...I'd take far more confidence in the Stock Trader's Almanac pointing to statistics that say the second trading day of January has the strongest probability of being an UP day in the DJI.
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I put together a quick spreadsheet for another thread, so I thought I would look at a couple of stats. Not a rigorous analysis (10 years of S&P data) so let’s just call them fun facts:

1. There were 166 occurrences of 3 up days in a row and 78 occurrences of 4 up days in a row (45% of the time next day was an up day).
2. But if market is below 100ma (as it is now), only 41% of the time was there a 4th up day (21 of 51 occurrences, vs 57 of 115 when market was over 100ma).
3. 10 years data only gave me 9 occurrences of “second trading day in January” so even less significance to these numbers, but 67% (6 of 9) were up days with an overall average of +4.6 points, ranging from -55.8 Jan 4th 2000 to +64.29 in Jan 3rd 2001.
 
Quote from MrktObserver4u:

You never will get it Ivanovich. The very existence of this site is a total contradiction to its very name. Its financial existence is biased toward retail traders with the sponsors of this site.

Blind leading the blind on a subject where NOONE can predict what happens one day from the next and where pros observe and do the opposite.

Maybe you should go down to the local Charles Schwab and watch the old men camp in front of the ticker and spew stock talk all day. This place is just like that, full of people who have a gambling habit that they can't get rid of.
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And yet here you are, posting away. In fact, the very next post you made after this brilliant analysis was to post more on the subject of the thread.

What does that tell us?
 
Quote from Ivanovich:

Major, eh? Define major. Looks like S+P down a point and a half. If that's major then....
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For me, it was major.........Not knocking anyone here, but I just made a quick $500 shorting ES, now closing my trading platform..........but watching to see if 919 <u>area</u> holds.

A <u>confirmed</u> break below - or a bounce off that area - and I may just log back in and go for a few more bucks before bed.

"Major" is only defined by what one considers it to be.

Steve
 
Quote from Port1385:

I just got off the Globex. Futures taking a major dump. Here we go now...
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a little Imodium-AD and i think the ES could be ok...FOR NOW...
 
Quote from Ivanovich:

And yet here you are, posting away. In fact, the very next post you made after this brilliant analysis was to post more on the subject of the thread.

What does that tell us?
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THAT YOUR A TOOL.
 
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