I have no statistical proof for the following chart as it may have been a 'one off' event and hence it may not be valid at all. But I think Larry Williams once said something along the line that low range days are usually followed by larger ranges.
Have a look at this. It shows a 10 day avg SPI range. Check out what happened shortly after we were that low last time around. However, once again this could be complete rubbish as I cannot proof it.
http://i838.photobucket.com/albums/zz307/blink231/SPIRange2.png
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Last
8,580.1 |
Change
-9.100(0.11%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 8,589.2 | 8,619.8 | 8,568.2 |
| XJO (ASX) Chart |