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Gary - thanks for this analysis.....
A guy by the name of Gibbon's Burke heads www.markethistory.com and his site
attempts to do just this:
statistically analyze previous market moves and patterns to make a forward
forecast.
GUESS WHAT ? It sucks.
Results from that website:
Current Equity and Options Account Balance:
$38,429.87 (-23.1%) as of 8 May 2002.
> -----Original Message-----
> From: Gary Funck [mailto:gary@xxxxxxxxxxxx]
> Sent: Wednesday, May 08, 2002 10:41 PM
> To: Realtraders@xxxxxxxxxxxx Com
> Subject: [RT] Big up days on the QQQ's
>
>
>
>
> See attached chart. The thick red bars are days where QQQ was up
> by 8 percent
> or more. Result: non-conclusive. We've had a few of these sharp
> up days during
> the bear market beginning in Sept-2000. In a few cases, there
> has been some
> decent follow through.
>
>
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