We're in a new bull market. Dont fade this rally. Time 2 get greedy and buy all you can. The market is immune to bad news.
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 letâs 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 âsecond trading day in Januaryâ 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.
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?
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