Looking at this chart from PastStat you see one sweet little fakeout:
Just think of all those shares shaken loose and dumped on the way down and at the bottom. It's almost enough to make one believe in conspiracy theories.
We did our best to stand against the storm, warning this decline was coming, catching the bottom and then calling the upmove. To no avail, the herd does what the herd always does.
This morning's premarket trade is up $2.05 at $201.47.
Today's link is from from PastStats, Oct. 30:
next what ? -> when $SPY posts 10 or more higher lows
ok we are not sure of the data feed that we received at the time of writing :) , but anyway looks like $SPY posted 11 consecutive higher lows’s which triggers below trading strategies
1) $SPY posts 10 or more consecutive higher low’s in row
below the trading odds , for $SPY longs , for the next 1/2/3/4/5 trading days , data since Feb 1993 , minus today’s instance
| Date | $SPY | t+1 % | t+2% | t+3% | t+4% | t+5% | 1st +’ve % |
| 29-Oct-14 | 198.11 | ?? | ?? | ?? | ?? | ?? | ?? |
| 20-May-13 | 162.09 | 0.15 | -0.6 | -0.88 | -0.97 | -0.38 | 0.15 |
| 17-May-13 | 162.1 | -0.01 | 0.14 | -0.6 | -0.89 | -0.97 | 0.14 |
| 16-May-13 | 160.55 | 0.97 | 0.96 | 1.11 | 0.36 | 0.07 | 0.97 |
| 15-May-13 | 161.31 | -0.47 | 0.49 | 0.48 | 0.63 | -0.12 | 0.49 |
| 15-Mar-13 | 151.32 | -0.56 | -0.79 | -0.09 | -0.95 | -0.15 | -0.15 |
| 30-Jan-13 | 145.08 | -0.25 | 0.78 | -0.36 | 0.65 | 0.72 | 0.78 |
| 27-Jul-09 | 88.45 | -0.46 | -0.71 | 0.33 | 0.46 | 2.13 | 0.33 |
| 24-Jul-09 | 88.19 | 0.29 | -0.17 | -0.42 | 0.62 | 0.76 | 0.29 |
| 15-Nov-04 | 97.07 | -0.72 | -0.13 | 0.01 | -1.1 | -0.64 | 0.01 |
| 12-Nov-04 | 96.83 | 0.25 | -0.48 | 0.11 | 0.26 | -0.86 | 0.25 |
| 11-Nov-04 | 96.07 | 0.79 | 1.04 | 0.31 | 0.91 | 1.05 | 0.79 |
| 10-Nov-04 | 95.35 | 0.76 | 1.55 | 1.8 | 1.07 | 1.67 | 0.76 |
| 9-Nov-04 | 95.27 | 0.08 | 0.84 | 1.64 | 1.89 | 1.15 | 0.08 |
| 8-Nov-04 | 95.46 | -0.2 | -0.12 | 0.64 | 1.44 | 1.69 | 0.64 |
| 30-Dec-03 | 89.61 | 0.09 | 0.04 | 1.13 | 1.23 | 1.57 | 0.09 |
| 29-Dec-03 | 89.59 | 0.02 | 0.11 | 0.07 | 1.15 | 1.25 | 0.02 |
| 26-Dec-03 | 88.42 | 1.32 | 1.35 | 1.44 | 1.39 | 2.49 | 1.32 |
| 24-Dec-03 | 88.35 | 0.08 | 1.4 | 1.43 | 1.52 | 1.47 | 0.08 |
| 8-Mar-02 | 91.33 | 0.22 | 0.15 | -0.81 | -0.95 | 0 | 0.22 |
| 29-Nov-96 | 55.5 | 0.04 | -1.68 | -1.41 | -1.68 | -2.25 | 0.04 |
| 27-Nov-96 | 55.29 | 0.38 | 0.42 | -1.3 | -1.03 | -1.3 | 0.38 |
| 23-Jun-95 | 39.12 | -1.2 | -1.38 | -0.87 | -1.05 | -1.1 | -1.1 |
| avg | 0.07 | 0.15 | 0.17 | 0.23 | 0.38 | 0.30 | |
| med | 0.08 | 0.13 | 0.09 | 0.54 | 0.40 | 0.24 | |
| vs all days since 1993 | 0.04 | 0.08 | 0.12 | 0.16 | 0.2 | 0.16 | |
| %wins | 64 | 59 | 59 | 64 | 55 | 91 |
ps: t+1 to t+5 are the percentage changes , and the 1st +’ve is when the entry is set to current close and exit at the first higher close than the entry , with-in the next five trading days , else with a loss at the end of the fifth trading day....MORE
"point is 13/13 times , $SPY posted a higher close than the current close over the next 5 trading days , at some point of time"
