Wednesday, November 26, 2008

4 day rule

With today's positive close the S&P has signaled a Sperandeo 4 day rule possible trend change.

The rule says that after a long intermediate decline or advance 4 days in a row in the opposite direction is often confirmation of a trend change.

I have a feeling that if we see the market close above the Nov. highs we are going to start seeing that performance anxiety that I've been warning about.