Sorry!! The article you are trying to read is not available now.
Thank you very much;
you're only a step away from
downloading your reports.

Two Day Pattern


What happens when a 30 day high follows a 5 day low?


The SP finally broke out of the recent range yesterday. Since the breakout occurred after early weakness on Tuesday, I wanted to see what happens after similar two day patterns.

Today's query stipulated that one day ago the SP futes recorded at least a thirty day high with a higher close (Wednesday) AND two days ago the SP low was at least a five day low (Tuesday). Surprisingly, there were just four occurrences. The table below shows results for the next day and five days later.

As always, past performance does not indicate future results. However, the results argue for a two-sided trade today with slightly lower bias. Looking five days out, Hoofy gets the nod. Good Luck!

< Previous
  • 1
Next >
No positions in stocks mentioned.

The information on this website solely reflects the analysis of or opinion about the performance of securities and financial markets by the writers whose articles appear on the site. The views expressed by the writers are not necessarily the views of Minyanville Media, Inc. or members of its management. Nothing contained on the website is intended to constitute a recommendation or advice addressed to an individual investor or category of investors to purchase, sell or hold any security, or to take any action with respect to the prospective movement of the securities markets or to solicit the purchase or sale of any security. Any investment decisions must be made by the reader either individually or in consultation with his or her investment professional. Minyanville writers and staff may trade or hold positions in securities that are discussed in articles appearing on the website. Writers of articles are required to disclose whether they have a position in any stock or fund discussed in an article, but are not permitted to disclose the size or direction of the position. Nothing on this website is intended to solicit business of any kind for a writer's business or fund. Minyanville management and staff as well as contributing writers will not respond to emails or other communications requesting investment advice.

Copyright 2011 Minyanville Media, Inc. All Rights Reserved.

Featured Videos