Mythbusters

For those of you (like me) who thought that the last day of the quarter should
be a bullish one: I went back to March 03, and found that since, the last day of the
quarter has closed higher than the open on only 5 occasions. The other 19 closed down.

As you can see below, we are fairly well strung out intraday, and should get
some kind of price advance in here. I posted a study here a while ago which
showed that after 3 consecutive down days on the SPX, we are about 90% for an up day.

But the daily is formadible.

Edited by selecto, 29 March 2008 - 11:52 AM.

Just for fun, NDX assuming a 5 day season, starting a weekly season with 3/10 low , assuming
the new upward channel from 3/10 is the trend. Time series forecast for next week,
and blu has a high on 3rd.

Mon and Weds have been the higher std deviation days, Tues the strongest up day.

90min

http://charts.barcha...&...KIC&org=stk


daily
http://charts.barcha...&...KIC&org=stk

i like this "mythbusters" title. someone should write a market book on that theme, but who wants their myths busted ? for instance: simple mathematical studies have shown that market points within gaps are NO MORE LIKELY to be revisited than any randomly chosen market points. therefore: THE CLAIM THAT GAPS-WILL-BE-FILLED, AS A MARKET TRADING STARTEGY IS GARBAGE.