in Scam Reports
Mon Oct 09, 2017 2:18 pm
• Superman | 109 Posts | 1090 Points
If the current rally is going to crack the top ten, it has a lot of work to do on the upside. At 477 days, the S&P 500 would need to go another 173 days before reaching a short-term peak. That would take the current run past Thanksgiving! Another thing to note is that just as the ten prior rallies lasted much longer, they were also considerably stronger. In fact, the average and median gain during the ten prior rallies that went longer without a correction was more than 90%! Looking ahead, you would think that the harder they run, the harder they fall. In actuality, though, the average decline in the correction that followed the ten prior rallies was a decline of 15.7% over 142 days. Compared to all corrections since 1928 where the average decline was 19.5%, these corrections may have lasted longer but their intensity was not as strong. Thanks
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