Historically when the market has two 9/1 up days within a month or so, the directional bias shifts to positive with a high probability of 20% gain over the following 60 days. Of course, it would have been perferred that there had not been a 9/1 Down day in between the two up days. Still, it is part of the larger picture surrounding Trading and I am buying on that and other indicators. By the way, I was expecting the four year low this month. I think it has been put off or aborted entirely, in the long run that is probably not good.
Best, Islander.
Market Bias
Started by
Islander
, Mar 22 2007 01:13 PM
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