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With Friday's session, the market showed a level of bullishness rarely observed over the course of the last 20 years:
The SPY (S&P 500 SPDR ETF) closed higher on the 11th consecutive session (now 4 occurrences since 01/01/1990),
The SPY hasn'
On Wednesday's session, and with respect to the SPY (SPDR S&P 500 ETF), Wilder's Relative Strength Index (RSI) for a 2-day period closed above 95 the sixth day in a row, and above 99 on the fourth consecutive session.
With respect to the latter,
Due to the fact that when bloggers/the bloggosphere/traders are discussing and talking about the 'overbought' ('oversold') state of the market (betting on a short-term mean-reversion tendency), they are regularly referring to and utilizing J. Welles
BOTTOM LINE FOR FRIDAY - MARCH 27, 2009
Thursday's session was remarkable due to the fact that the S&P 500
posted a higher open,
posted a higher high than the previous session's high,
posted a higher low than the previous session's low,
pos
My name is Frank, and due to the fact that this is my 2nd post after I've started the blog on Tuesday, March 24, 2009, a few introductory notes.
I have traded as an individual investor for more than 20 years now. I take a statistical approach in comb
My name is Frank, and due to the fact that this is my first post on the blog, a few introductory notes.
I have traded as an individual investor for more than 20 years now. I take a statistical approach in combination with historical market data to p