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Strategies & Market Trends : Aardvark Adventures
DAVE 224.03-8.1%Oct 30 3:59 PM EDT
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From: ~digs7/13/2013 6:46:44 AM
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snippet from sentimentrader.com:

The only other times in five years that crude oil rallied more than 10% over a two-week period to a new 52-week high were 10/16/09, 1/4/10 and 2/23/11. Over the next three weeks, the S&P rallied a maximum of +1.6% on average, and declined a maximum of -4.6% on average as it entered a 2-3 week correction phase each time. Going back to 1983, the S&P was 3 times more likely to suffer a -5% decline over the next few weeks than enjoy a +5% rally after such surges in crude oil.



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