Replies to post #649 on Chart Ideas

[rimshot]

SentimenTrader
@sentimentrader
18 hours ago

There have been 8,662 trading days since August 1984
(the furthest back we have intraday data).

Of all those days, there has been only 1 day when the S&P 500 was down
more than 2% at 2:30 and reversed enough to close
up by more than 0.5%

That was October 28, 2008.

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Bespoke
@bespokeinvest
18 hours ago

Today, December 27th, was the 7th straight day that
not a single stock in the S&P 500 hit a 52-week high.

Haven't seen a streak that long since June 2009.

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S&P 500 number of new 52-week highs Permalink, daily chart -

http://stockcharts.com/h-sc/ui?s=%21NEWHISPX&p=D&st=2014-07-01&id=p9268343266c&a=382915190

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Walter Deemer
@WalterDeemer
23 hours ago, December 27

NYSE has been above the 90% downside volume threshold
at times today (88% now).

Since 1960, the only 90% up days immediately followed by a 90% down day day:

Oct 21/22 1987
Aug 27/30 2010 over a weekend
and
Aug. 9/10 2011

Both also part of traumatic s-t bottoming process.

The SPX retraced 77% of its advance during the next 2-4 days.

Works out to 2375.