May

31

We have now gone 8 days without a decline of 1 point or more in SPU, the last decline being on 5/20/2014. What does that portend for the future. In general what does a long period without a decline portend and more generally what does a long period without a move of x or more portend. An interesting follow up arises following the big rise or decline. For example, we've gone 8 days without a decline over the last 8 days. What happens after a period of big rises following the big decline. Does it head for the hills or the valleys. One quantifies it, and finds that the most bullish thing occurs when a big rise is broken by a big decline, i.e. one should hope that there is a bit of a decline in stocks now, as that will be quite bullish not bearish.


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