Posted by sbaxman111 on 25th of Aug 2015 at 01:10 pm
How extraordinary was yesterday's market
action?
Yesterday's close near the (SPX) lows delivered a second
straight daily close well under a 3 Standard Deviation daily lower
Bollinger Band, a feat not equaled in the 1987 crash, the 1994
bonds crash, the 1997 Asian Crisis, the 1998 Russian Crisis the
collapse of LCTM, the 2000 Tech Crash or the Lehman Brothers in
2008.
Posted by frtaylor on 25th of Aug 2015 at 07:01 pm
Now
thathas my
attention! Thank you for pointing it out. Similarly, the DOW has
not had seven straight down days since August of 2011. We've had
six so far. If we close down tomorrow, might be a great time to
initiate a position - small, with a wider stop.
Newsletter
Subscribe to our email list for regular free market updates
as well as a chance to get coupons!
2nd 3 standard deviation close
Posted by sbaxman111 on 25th of Aug 2015 at 01:10 pm
How extraordinary was yesterday's market action?
Yesterday's close near the (SPX) lows delivered a second straight daily close well under a 3 Standard Deviation daily lower Bollinger Band, a feat not equaled in the 1987 crash, the 1994 bonds crash, the 1997 Asian Crisis, the 1998 Russian Crisis the collapse of LCTM, the 2000 Tech Crash or the Lehman Brothers in 2008.
Now thathas my attention! Thank you
Posted by frtaylor on 25th of Aug 2015 at 07:01 pm
Now thathas my attention! Thank you for pointing it out. Similarly, the DOW has not had seven straight down days since August of 2011. We've had six so far. If we close down tomorrow, might be a great time to initiate a position - small, with a wider stop.