Back on September 6, I mentioned that the data indicated that if the market closes below the previous day's close by greater than -20 points, then the next day has a high probability of closing higher than today's close. When the market has a -55 point day, it is hard to imagine that the market will have a positive day tomorrow. However, that is exactly what we got with the market closing higher by almost 16 points from yesterday's close.
Charles
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