All Ords Index - 7 consecutive up days in conjunction with a 250-day closing high is better than a Meat Loaf
All Ords Index - 7 consecutive up days in conjunction with a 250-day closing high is better than a Meat Loaf. Yesterday, the All Ordinaries Index closed up for the 7th consecutive day in conjunction with a 250-day closing high (approximately 1 year maximum closing level). This type of upward momentum is usually followed by more upside. Since 1980, 20-days following this particular setup, the All Ordinaries Index provided an average increase of 2.26% with a win rate of 70%. As Meat Loaf noted on the album Bat Out of Hell - two out of three ain't bad. Well this setup is slightly better. Full data analysis & tables can be viewed at (VIEW LINK)
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