Close Clustering, from Victor Niederhoffer
Interesting clustering of closes in SP last 7 days 6 of the within 2 of 1175.5 .
Jay Pasch comments:
The sine wave immediately comes to mind. as she continues to cloak her direction there was one event registered yesterday on the nasdaq composite, the golden-cross thing, that could provide a directional clue; when nasdaq's 50sma crosses above its 200sma with the index trading in the upper one-third of its 52wk range, the index is up 16-for-16 with an average gain of 3.2% about 11 days after the cross.