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.
Why does this thread remind me of the following? http://www.azlyrics.com/lyrics/relientk/12daysofchristmas.html
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.
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!
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.