Originally Posted by
ripper
I found this interesting regarding days when SPY has gapped up over 1%, such as today:
SPY has gapped up more than 1% 29 times since 1/3/12.
The following day, it has been up 23 times and down 6 for an average return of +0.52%.
One week later, it has been up 23 times and down 6 for an average return of +1.20%
One month later, it's been up 22 times and down 7 for an average return of +2.27%
Three months later, it's been up 24 times and down 5 for an average return of +5.09%
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