trading maxim - 8 down days, 9th day up?

Discussion in 'Technical Analysis' started by crimony, Mar 27, 2006.

  1. crimony


    What is the old maxim about consecutive down days? Isn't it if there are 8 consecutive down days, the 9th day will most likely be a strong up day? Thanks.
  2. Quah


    Yes. If on the 9th day, the close is higher than the open, then the 9th day will be an up day.

    If on the 9th day the close is lower than the open, the 9th day will always be a down day.
  3. Pabst


    Some truly ridiculous analysis.
  4. Quah


    I promise you, what I said works every single time - 100%. :)
  6. lol .good one.
  8. Quah


    I can produce the results easily to back up my statement.

    You pick the market - you can even pick the "9th" day if you like.
  9. BSAM


    Hmmm.....Let me see here.....

    And if on the 10th day the close is higher than the open, then the 10th day is an up day.

    But would this hold true for the 11th day..... ;-)
  10. So... if the 9th day just happens to be a September 11th TYPE day..... it will still be an up day.... 100% certain?
    #10     Mar 27, 2006