What’s Historically Followed Strong Selloffs Like Thursday’s

Strong selloffs to low levels during long-term uptrends often generate favorable buying opportunities. Quantifiable Edges had a number of studies that triggered on Thursday afternoon that exemplified this concept. Below is just one example. It examines 2% drops that close at both the bottom of their daily range and their 10-day range.

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The 1-2 days results here are especially intriguing. They suggest a good chance of a bounce.


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