I took a look at the last few rallies and for the number of sessions they ralied along with the magnitude over the last year.
1. 4639 - 5099 = 460 points and 8 sessions
2. 4732 - 5400 = 668 points and 16 sessions
3. 5178 - 5944 = 766 points and 38 sessions
4. 5196 - 5744 = 548 points and 14 sessions
Current rally is 4532 - 4935 = 403 points and 21 sessions, the slowest so far.
Conclusion: This is retreacemnt pull back rally. Beyond 4992, it would mean this is a larger rally, till then it remains just a normal pullback rally.
Monday, 16 January 2012
Analysing the time duration and magnitude of rallies
Posted on 20:06 by Unknown
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