Nov

10

In yesterday's S&P 500 futures pit session, every 30-minute bar had a higher high than the previous bar. I don't recall having seen this occurrence previously.


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5 Comments so far

  1. Stuart Leslie Goddard on November 10, 2009 12:40 pm

    Even the slightest sense of personal responsibility?

  2. korareddy on November 10, 2009 1:32 pm

    the same goes with the higher lows as well

  3. lon evans on November 10, 2009 4:43 pm

    Yes, very irritating. Down day as I committed to my expectations that sell signals might hold profit. Glad you mentioned the unique character of the day’s action. So I’m not the only one and thus feel a little less stupid.

    lon

  4. Dale Beals on November 10, 2009 9:51 pm

    Jason Goepfert at Sentimentrader.com, taking a slightly different angle, had a brief analysis of days when the S&P500 opened within 10% of the low of the day’s range and finished within 10% of the high of the day’s range. He also used a TICK criteria showing every 30 minute TICK bar with a high > the absolute value of that TICK bar’s low. With those 2 criteria, he said there have been 55 such days since 1998, with 3 such days since the March low. He didn’t seem to find anything statistically significant after such occurrences. He might be willing to research for the criteria you observed. http://www.sentimentrader.com

  5. Anonymous on November 10, 2009 11:50 pm

    So what are the odds that happens by chance alone?

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