What Happens When the Dow Crosses a Round Number, from Duncan Coker
Parameter: the Dow cash closes above a 1,000x round number for the first time in last 20 days.
1997-2007
n=41
avg=-20.47
stdev=87.5
z=-1.50
percent positive: 46.34
But recently this has been bullish, (the last 10 following day moves are listed below):
2,34,25,31,58,2,0,30,0,-9,15 Dow points.