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To: pater tenebrarum who wrote (8505)8/3/2000 3:25:47 PM
From: chic_hearne  Read Replies (1) | Respond to of 436258
 
heinz, I find it odd this pattern hasn't been identified and broken. It always seems like as soon as a good pattern emergages, it's not good anymore.



To: pater tenebrarum who wrote (8505)8/3/2000 3:36:46 PM
From: AllansAlias  Read Replies (1) | Respond to of 436258
 
I know breadth is always bullish, but this seems out of whack.

quote.yahoo.com



To: pater tenebrarum who wrote (8505)8/3/2000 3:46:52 PM
From: AllansAlias  Read Replies (1) | Respond to of 436258
 
Yes, on my MetaStock charts I include an "Expert Advisor" that does nothing more than put a little green thumbs-up above job-report days.

Does not matter if the previous day was a big up or whether we are in the middle of a nasty down move -- the next day is up.

It boggles my mind why I do not just put an order in before every such day. It is one of the markets true no-brainers.

--Allan



To: pater tenebrarum who wrote (8505)8/3/2000 4:29:46 PM
From: AllansAlias  Read Replies (4) | Respond to of 436258
 
Stat's Regarding Jobs Report And NASDAQ Composite

I just did a quick scan. The data is not definitive because I did not bother with Friday's that are holidays and other anomalies. It will be within a percent or two.

Since 1985 we have:

187 Number of reports
128 (68%) Report days that are up days, close->close
(126 for open-close)
85 (66%) Number of times the next day is an
up day as well.
106 (57%) Number of days that are up preceding
a report

Last report day that was not up close-close or open-to-close:
Aug, 1999


You say 97% chance for Dow and S&P. That seems awfully high. Did you do the scan yourself? Tx.

--Allan