Small Caps, from Kora Reddy
I was doing some study on small caps ($IWM ETF) on sequences of 20 day low closings and 20 day high closings.
If a current close is a 20 day low coming after a 20 day high closing, calling it as the 1st 20 day low closing (marked as 1, under #), and if another 20 day low closing is printed, then call it as a second 20 day low (marked as 2 under #) after a 20 day is already printed, and so on. The sequence is counted till a new 20 day high is printed.
Currently we printed a 3rd 20 day closing as on yesterday on $IWM.
It looks like about 46% of the total (of 319) 20 day low closings continue further, if they don't stop by the 4th 20 day low closing print, before printing a 20 day high closing print
% not stopped column indicates how many further 20 day low close prints of the total (319), continued further
data since 2001
Instances % Not Stopped
1 50 84.33
2 47 69.59
3 39 57.37
4 34 46.71
5 28 37.93
6 22 31.03
7 17 25.71
8 15 21.00
9 13 16.93
10 12 13.17
11 10 10.03
12 8 7.52
13 5 5.96
14 3 5.02
15 2 4.39
16 2 3.76
17 2 3.13
18 2 2.51
19 2 1.88
20 2 1.25
21 2 0.63
22 1 0.31
23 1 0.00