AI
| Followers | 689 |
| Posts | 143817 |
| Boards Moderated | 35 |
| Alias Born | 03/10/2004 |
Friday, June 22, 2018 9:59:17 AM
DJIA Recovery from 8-Day Losing Streak Could Be Tedious
By: Almanac Trader | June 22, 2018
Coming into today’s trading session; DJIA has declined for eight consecutive trading sessions. The last DJIA losing streak of similar duration was in March 2017. Since 1950, DJIA has suffered 22 daily losing streaks of eight or more trading days. The longest was 12 trading days in January 1968, the worst based upon total decline was in October 2008 when DJIA shed 22.11% in eight trading days. Historically, it took DJIA more than 60 trading days to recover the losses accumulated during the streak. This is can be seen in the top chart of DJIA’s performance 30 trading days before and 60 trading days after the previous 22 streaks.
http://jeffhirsch.tumblr.com/post/175139650843/djia-recovery-from-8-day-losing-streak-could-be
• DiscoverGold
By: Almanac Trader | June 22, 2018
Coming into today’s trading session; DJIA has declined for eight consecutive trading sessions. The last DJIA losing streak of similar duration was in March 2017. Since 1950, DJIA has suffered 22 daily losing streaks of eight or more trading days. The longest was 12 trading days in January 1968, the worst based upon total decline was in October 2008 when DJIA shed 22.11% in eight trading days. Historically, it took DJIA more than 60 trading days to recover the losses accumulated during the streak. This is can be seen in the top chart of DJIA’s performance 30 trading days before and 60 trading days after the previous 22 streaks.
http://jeffhirsch.tumblr.com/post/175139650843/djia-recovery-from-8-day-losing-streak-could-be
• DiscoverGold
Information posted to this board is not meant to suggest any specific action, but to point out the technical signs that can help our readers make their own specific decisions. Your Due Dilegence is a must!
• DiscoverGold
Join the InvestorsHub Community
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
