TO GO LONG
CCOC – Consecutive Closes Odds Calculator (TIME EXTENSION ANALYSIS)
Yesterday the market closed down again and made a lower low, but futures started to rise overnight, so it’s possible to have a rebound today. As you can see in the TIME EXTENSION ANALYSIS below, the DAILY time period shows that after 3 days down in a row the market closes the next day up in 87.67% of the times. This means in the largest majority of the cases the market does not go down more than 3 days in a row. Does that mean it cannot go down another day? Obviously not, it can go down 4, 5 or more days in a row, but these events (on average) are quite rare. Statistical research can show what is most possible but the exact prediction of the future will always escape us. We use our research to make bets on what it is most likely to happen (although it may not always happen). (more…)



