Yesterday afternoon the Quantifinder identified an interesting study that I last wrote about in the 3/23/10 blog.  It looked at back to back outside days in QQQQ.  I’ve updated the study below.

I also sliced this a few different ways (above/below 200ma, up/down close, etc.) and found little difference in the results.  Despite the low number of instances I find this a compelling setup.  You’ll also note that on December 7, 2009 I performed the same study on SPY and found compelling results there as well.