The coming US dollar crisis Message Board

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Strategies & Market Trends : The coming US dollar crisis

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To: benwood who wrote (35550)	2/23/2011 7:34:12 PM
From: John	3 Recommendations Read Replies (1) of 71463

I suspect the meddling of today will eventually, via a reversion to the mean, result in a downward spike in your chart of historic proportions, too. I agree, Benwood. It's difficult to believe how out-of-balance the equity markets are. It is unusual for such imbalances to exist for long periods of time. The chart below is a twist on the one I posted yesterday. This one shows the Mean 5-Day Rank Ratios (Rank 1:Rank 5) by Year, expressed as quotients. The data is updated through today's close. The equity market declines noted yesterday and today barely put a dent in the gross disproportionality that exists between closes at the 5-day highs and the 5-day lows so far this year. Through February 23, the DJIA has closed at its 5-day high 21 times out of 36 sessions this year, compared to closing at its 5-day low only 5 times out 36 sessions. This represents 4.2 times as many closes at the 5-day highs as compared to the 5-day lows. The mean value for past 30 years was ~1.42, which suggests that weaker closes are forthcoming for the DJIA; however, timing remains unclear.

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