ajtj99's Market Pulse

[hooyatodd]

<<<The issue I'm addressing is what is the probability that all 6 days in the most recent sample will be up days>>>

Shouldn't the question be what is the probability having another up day given we've already had 5 up days? They sound similar, but have very different answers (8% vs. ~52%).

P.S. no insults taken here and I'm not trying to start a fight. I have a decent stats background but could still be all wet or just plain confused.