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.





Speak your mind

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.


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

    Jason Goepfert at, 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.

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

    So what are the odds that happens by chance alone?


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