Wednesday, May 27, 2009

PreMarket Observations 05/27/09




We are back to testing the resistance area between 920 and 915.
Following two days where the (Today's Close - Yesterday's Close Day Session Difference) was below zero then increased to between the +1 and +0.5 Standard Deviations produces a day that has a 51% chance of closing below the previous day's close, and 49% chance of closing even or positive relative to the previous day's close. On positive days, the market closed up an average +11.75 points, and on negative days, closed down an average -15.5 points. The average of all data is -2.25 points.
Charles

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