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We Get New Highs More Frequently After New Highs

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This post may fall into the “Dog bites Man” bucket, but I will see if I can’t shed a little more light on the phenomenon.  Here’s the question: “When do we see new highs in the stock market most often?”  The punchline: “After a recent new high.”The red squares above show the probability of hitting a … Read entire story.

Source: The Aleph Blog

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