Black Weds

Only a surprise rate cut can save you.

 

This whole thread is hilarious. I don't know who is completley serious and who is totally kidding.

 

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.

 

Thanks for the info KGB. That is interesting, and something to look out for.

 

+1

Thanks for the link.

 

btw Jreynolds--I might have to remove your "undication" label because you just might be right today.

 

Oh no - this is terrible. It's already Wednesday? Where'd my week go.

Hmm...I wonder what the market will do today?