I calculated its statistics. Historically, 6 out of 8 events, market bounced green next day. But eventually went lower. 2011 and 1998 were worst cases.
(2011, next day was green, then down 3 other days. nightmare for most 道上玩人).
After seven consecutive LL, on bad side, if you consider next days (with 5-day spacing), seemed bloody. see below:
10 5-day means 50 days. i.e. after 50 days, statistics says still high chance to see a down market.
Update 10/31/2012 (next 1st day after last Friday.Monday and Tuesday closed due to Storm Sandy)
Yes. it's closed green.
Last update 11/09/2012
Followed-up the market change after 10/18/2012
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were you peachseed at HT? I am new at HT. also new at YYB.
If SPY had seen seven consecutive lower low. What's next day market?
my calculation says, 6 of out 8 events went to green, 2 went red.
If still have questions, ask me and I will try to answer.
But I won't forecast market. 常怀兢慎之心.
But I won't forecast market. 常怀兢慎之心.
were you peachseed at HT? I am new at HT. also new at YYB.
Followed-up the market change after 10/18/2012