And yet in hindsight the 8 day move was a warning as the
ultimate low was not until the following March. Plotted here with
the 8 day ROC -- the spike down corresponds to your chart and there
were positive divergences after that. Currently the ROC is at the
lowest level since last summer
SPX 2008 8 day streak
Posted by marks on 2nd of Aug 2011 at 05:06 pm
From Oct 1st 8 days of losses
it was a warning
Posted by bkout3 on 2nd of Aug 2011 at 05:18 pm
And yet in hindsight the 8 day move was a warning as the ultimate low was not until the following March. Plotted here with the 8 day ROC -- the spike down corresponds to your chart and there were positive divergences after that. Currently the ROC is at the lowest level since last summer
link
dow 8 day streak
Posted by 8899 on 2nd of Aug 2011 at 05:36 pm
in oct 2008 dow went from 10847 to 8451 or a loss of 22%
today down from 12724 to 11866 or a loss of 6.74%
big difference is not a big percentage loss as of yet...there will be a bounce but i don't think a 10% bounce is warranted here