All Ordinaries Index - Following 5 Consecutive Down Days
For the 1st time since February 2020, the All Ordinaries Index (XAO) has closed lower for 5 consecutive days. The February 2020 episode didn't end well. However, one swallow does not a summer make.
Since 2000, XAO has fallen for 5 Consecutive Days (up or unchanged day followed by 5 down days) on 60 occasions. Following this weakness, XAO managed an average 20-day gain of 0.49%, with a win rate of 33 from 60 (median 0.42%, standard deviation 5.56%, series average return 0.43%). This type of weakness appears to lack any predictive quality & is consistent with random.
Since 2000, XAO has fallen for 5 Consecutive Days (up or unchanged day followed by 5 down days) on 60 occasions. Following this weakness, XAO managed an average 20-day gain of 0.49%, with a win rate of 33 from 60 (median 0.42%, standard deviation 5.56%, series average return 0.43%). This type of weakness appears to lack any predictive quality & is consistent with random.