Monday, August 23, 2010

S&P500 - current trajectory similar to situation from 1959/1960

If one believes in market repeating itself, one could say that the current situation is the most similar to one from the break of 1959/1960:

The correlation between the current and 1959/1960's periods is 0.9292. If market goes the same way as in the past, we should expect a small market increase of around 0,5% over the next 10 days.

The time will tell :)

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