1. Using SPY prices, the period from the second trading day of
the year through two weeks later was positive only 29% of the years
since '95, with a negatively skewed risk/reward (-4.0% versus
+1.9%).
2. 39% of sentimentrader's indicators are at bearish extremes,
which is itself an extremely high number.
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Evidence that wave 5 may have ended today, or will end soon
Market Stats for January
Posted by epmaruggi on 5th of Jan 2010 at 08:44 pm
According to www.sentimentrader.com:
1. Using SPY prices, the period from the second trading day of the year through two weeks later was positive only 29% of the years since '95, with a negatively skewed risk/reward (-4.0% versus +1.9%).
2. 39% of sentimentrader's indicators are at bearish extremes, which is itself an extremely high number.