Market direction indicators, 4

Continuation of discussion about How Markets Really Work: A Quantitative Guide to Stock Market Behavior

Large Range Days

Over the short term (1 day and 1 week later), following a price drop of 2% or more, the market goes up.

New 52 Week High/Low

Over the short term (1 day and 1 week later):

When New Lows outnumber New Highs, the market goes up;

When New Highs outnumber New Lows, the market goes down.

...cont'd tomorrow...

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