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Strategies & Market Trends : Ask DrBob
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To: Drbob512 who started this subject9/7/2000 11:51:32 AM
From: TraderBilly   of 100058
 
Here is an interesting statistic.

The two previous days the NASDOG closed in the very bottom of its range. I went back to 1996 and I couldn't find any other two days when the NASDAQ closed in the bottom 1% of its range on consecutive days.

This year, the NASDAQ closed in the bottom 1% of its range 23 times. 22 times or 96% of the time there was a lower low sometime the next day.

It will be interesting to see what happens today. Lower low than yesterday sometime during the day? The odds say yes.
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