SPX behaved more like 1987 than 1989 last night with the reversal.
In 1987 we then had one day up and 5 huge days down, the last being a reversal.
There is another similarity to 1987 and other crash cycles.
In theory they have 99 days up from a low and 56 days down with minor allowances.
DJIA in 1987 had 97 days up and 56 down.
In 2018 DJIA has again had 97 days up.
56 down would be Nov 28.
SPX behaved more like 1987 than 1989 last night with the...
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Last
7,629.0 |
Change
42.000(0.55%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 7,587.0 | 7,640.2 | 7,587.0 |
| XJO (ASX) Chart |