Be Prepared for the Worse when SPY gaps down 6 days in a row

bucks

To share some info with HT neighbors.

As the market reveals, SPY has been gapping down more than 0.1% for 6 days in a row. It's very rare and only occurred 3 times in last 2000 trading days. 7 days in a row never happened before, so I expect a gap up or lat open tomorrow.

The last 2 times took place on 03/16/2011 and 03/04/2008, which were all followed by big rally for correction(even new high). However, thereafter, the market either entered more severe bearish mode or at least more correction as we saw in 2008 and 2011.

Price-wise, I am waiting for a chance to add ST longs. Not yet in spite of some underwater mid-term holdings. I still anticipate one more pushup on daily chrt after this round of sell-off, in which I will probably unload all longs.





  

开小差

redflag

silicon_beaver

Ok.
Here is my calculate result. Five (not six) consecutive gap down, happened three times historically. Next day all went to green.
Will see market tomorrow this time.

superxy

silicon_beaver 发表于 2012-4-11 03:14
Ok. Here is my calculate result. Five (not six) consecutive gap down, happened three times historica ...

谢谢！
后几天呢？一个星期？

acoust

rightonmoney