We shall take a quick look at S&P500.
52-week High
A new High of 1,150.45 was recorded on 19 Jan 2010 after it achieved its 1st 52-week High on 11 Nov 2009.
That worked out with a gain of +45.08 points (+4.08%).
52-week Low
In this situation, we are not getting a new Low after it touched 1st 52-week Low. Instead, the market rebounded and made a gain of +121.73 (+9.6%).
A similar outcome with DJIA in our last two case studies.
Let us move on to the next market, Asia.
To see how the Asian market price reacts toward this strategy.
Source :
1) Metastock
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