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

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

  1. very good. Better wording than Quah. I am surprised how many peoples read thread correctly and understand that. Just wonder why 90% peeps are on losing side. :confused: :confused: :confused: :D
     
    #21     Mar 27, 2006
  2. #22     Mar 27, 2006
  3. this thread is the perfect example (reminds me of zerosum thread) of how people post before even understanding what is posted/what they are reading, only see what they want to see, and are so loathe to admit they are wrong lest the axhammer of cognitive dissonance splits their head in two

    one thing is certain. people who cannot observe the present, and who cannot admit they are wrong, are fodder for the markets

    good for them. it's called liquidity.
     
    #23     Mar 27, 2006
  4. Quah

    Quah

    I didn't forget about them - I purposely left that part out. I save that part for only the people that pay my subscription fee.

    Thanks a lot for letting out the rest of the grail! :(
     
    #24     Mar 27, 2006
  5. aqtrader

    aqtrader

    not worth discussing this issue due to only a few such cases happened in history.
    For DOW, since 1960. You get 34 such streaks with 16 down and 17 up on the ninth day. So it does not make any sense to follow such pattern.

    19600720 -1.0001 -0.9868 -0.3170 -0.1250 -0.1711 -0.6728 -0.1949 -0.1040 -1.2017
    19600721 -0.9868 -0.3170 -0.1250 -0.1711 -0.6728 -0.1949 -0.1040 -1.2017 -1.0963
    19600722 -0.3170 -0.1250 -0.1711 -0.6728 -0.1949 -0.1040 -1.2017 -1.0963 -1.3429
    19600725 -0.1250 -0.1711 -0.6728 -0.1949 -0.1040 -1.2017 -1.0963 -1.3429 0.8426
    19630719 -0.2759 -0.3314 -0.2902 -0.6246 -0.1649 -0.3418 -0.5459 -0.2888 -0.7422
    19630722 -0.3314 -0.2902 -0.6246 -0.1649 -0.3418 -0.5459 -0.2888 -0.7422 -0.1307
    19630723 -0.2902 -0.6246 -0.1649 -0.3418 -0.5459 -0.2888 -0.7422 -0.1307 0.4420
    19660505 -0.3514 -0.2819 -0.7549 -0.3979 -0.1853 -1.0923 -0.7496 -1.6494 0.3401
    19671108 -0.3042 -0.1756 -0.7760 -1.4391 -0.2595 -0.9493 -0.1553 -0.6688 0.8710
    19680118 -0.0693 -0.4778 -0.4602 -0.0900 -0.6941 -0.6273 -0.3787 -0.1109 -0.2809
    19680119 -0.4778 -0.4602 -0.0900 -0.6941 -0.6273 -0.3787 -0.1109 -0.2809 -0.9781
    19680122 -0.4602 -0.0900 -0.6941 -0.6273 -0.3787 -0.1109 -0.2809 -0.9781 -0.7961
    19680123 -0.0900 -0.6941 -0.6273 -0.3787 -0.1109 -0.2809 -0.9781 -0.7961 -0.2937
    19680124 -0.6941 -0.6273 -0.3787 -0.1109 -0.2809 -0.9781 -0.7961 -0.2937 0.2343
    19711022 -0.5316 -1.1746 -0.4303 -0.2447 -0.4596 -1.4716 -0.0935 -0.2901 -0.4540
    19711025 -1.1746 -0.4303 -0.2447 -0.4596 -1.4716 -0.0935 -0.2901 -0.4540 -0.3701
    19711026 -0.4303 -0.2447 -0.4596 -1.4716 -0.0935 -0.2901 -0.4540 -0.3701 -1.0623
    19711027 -0.2447 -0.4596 -1.4716 -0.0935 -0.2901 -0.4540 -0.3701 -1.0623 0.1483
    19730130 0.00000 -0.2847 -0.7192 -0.0147 -1.3812 -0.1045 -0.7045 -0.3553 0.6133
    19740819 -1.5886 -0.9670 -1.2878 -1.4141 -2.1020 -0.3592 -0.8592 -1.3260 0.6941
    19741001 -0.4881 -1.0496 -1.4494 -0.6345 -1.8417 -2.5126 -2.2639 -0.5018 -0.5440
    19741002 -1.0496 -1.4494 -0.6345 -1.8417 -2.5126 -2.2639 -0.5018 -0.5440 -2.3141
    19741003 -1.4494 -0.6345 -1.8417 -2.5126 -2.2639 -0.5018 -0.5440 -2.3141 -0.5190
    19741004 -0.6345 -1.8417 -2.5126 -2.2639 -0.5018 -0.5440 -2.3141 -0.5190 3.9346
    19741121 -2.0011 0.00000 -0.1183 -1.6388 -3.5037 -1.7394 -0.7263 -0.1673 1.1059
    19770328 -0.3264 -0.3959 -0.7783 -0.2706 -0.9086 -0.7057 -0.7278 -0.2961 0.6371
    19780221 -0.6197 -0.2340 -0.2010 -1.1970 -0.4535 -1.1028 -0.0796 -0.4491 -0.0347
    19780222 -0.2340 -0.2010 -1.1970 -0.4535 -1.1028 -0.0796 -0.4491 -0.0347 0.2537
    19780920 0.00000 -0.1432 -0.7546 -1.3962 -0.9571 -0.9561 -0.9860 -0.5119 0.4643
    19810706 -0.7281 -0.2562 -0.3913 -0.8339 -0.7831 -0.9438 -0.8753 -1.0311 0.5109
    19820812 -0.6945 -1.5850 -0.9472 -1.4462 -0.5087 -0.1346 -0.2682 -0.0373 1.4326
    19890509 -0.00785 -0.1588 -0.5010 -0.3812 -0.3676 -0.1233 -0.2305 -0.2163 0.1316
    20010921 -1.9179 -2.3879 -0.00354 -7.1293 -0.1939 -1.6204 -4.3717 -1.6762 4.4689

    But if you trade NASDAQ, since 1984, you get 6 up and 1 down on the ninth day.
    19841116 -0.2794 -0.1201 0.00000 -0.0802 -0.6017 -0.3228 -0.4049 -0.3659 -0.8976
    19841119 -0.1201 0.00000 -0.0802 -0.6017 -0.3228 -0.4049 -0.3659 -0.8976 0.1235
    19850918 -0.0338 -0.5404 -1.0526 -0.5148 -0.9313 -0.6267 -1.5067 -0.0356 0.9253
    19860916 -0.6824 -1.6913 -0.6452 -0.7576 -3.6805 -1.8398 -0.2595 -0.6360 0.9310
    19900806 -0.0224 -0.6286 -0.7230 -0.2731 -0.5249 -1.6059 -2.6580 -4.1916 0.5250
    19900924 -1.0781 -0.4785 -0.0801 -0.5079 -0.1343 -1.9640 -0.5763 -2.7877 0.7382
    19940927 -0.0963 -0.1530 -1.2849 -0.7864 -0.0355 -0.3919 -0.2416 -0.0344 0.6143

    Take your chance next time.
     
    #25     Mar 27, 2006