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Strategies & Market Trends : The coming US dollar crisis -- Ignore unavailable to you. Want to Upgrade?

To: yoremopnhoj who wrote (33407)	12/14/2010 3:52:36 PM
From: John	1 Recommendation Read Replies (1) \| Respond to of 71456

If you are wondering what kind of crazy bull run the Dow has been on since late August of this year, consider the following facts. Back on August 30, the Dow closed down 1.39 percent for the day. Such a down day would become a rarity for the Dow during the following 74 trading sessions, including the one today. The Dow numbers are quite remarkable in terms of the number of UP days. The market has not closed today -- ~10 minutes of trading left -- but when it does, the Dow will have gained about 14.5 percent since August 30. This has occurred on the strength of 46 UP days out of 74 trading sessions. That's over 62 percent of the 74 trading sessions, which is quite uncommon! To put that number in perspective, the mean number of Dow UP days in any consecutive 74 trading sessions since October of 1929 is about 52.7 percent, but during the past 74 trading sessions, the number of UP days sits on the 95th percentile! The highest percentage of UP days in any 74-trading-session period since 1929 was 74.3 percent. Okay, we now return you to your regularly scheduled Gloom, Doom, and Despair News Hour.