Helping Swing Traders, Investors and Institutional Market Participants Increase Profitability
Past research suggests market participants can increase there probability of determining a short term turning point by tracking the performance of the Dow Jones Industrial Average on Fridays and the following Monday.
Past history shows if the Dow had a down Friday and a down Monday there is a negative bias in the market and frequently corresponds to some short or intermediate term market tops.
Over the past twelve years this phenomenon occurs on average about ten times per year and has an average decline of 5.5%. If the market is in a downtrend the average decline is amost double!
Additionally, it seems, if the pattern develops after an extended downward move a short term bottom may be in the works.
How can market participants capitalize?
Learn more about trading and investing by signing up for our free educational trading material at http://www.etfupdater.com/requestinformation.php.
Mike Matousek, CMT
Portfolio Manager, ETF Updater
http://etfupdater.com/
No comments:
Post a Comment