If you know me you know that I am a chart guy, a psychology guy and an all too human guy. Well, there are other guys out there who are human too, but they rely on hard data and facts; hard history. Rob Hanna of Quant Edges is one such guy.
After yesterday’s somewhat nasty market action (reversal lower after the big tax pump) he did a study that is not subject to my opinion or yours. Here it is below. I am happy to have Rob under Biiwii’s roof now as we build a formidable, yet limited, group of diverse, quality authors. See the original post that the data below go with: Why the SPX Reversal May be Positive for the Bulls
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