Daily Market Change Starts To Drop

On December 9th, the 50-day average absolute daily change of the S&P 500 reached 4.02%, which was its highest reading ever.  That level looks like it was the peak, at least in the short term.  Since the 9th, the average daily change has fallen to 3.38%, which is a pretty significant drop in such a short period of time.  Like the price of oil, this is one indicator that most investors would love to see keep falling.

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Comments

[dt]

(Not sure this is being repeated since i don't see my earlier comment.)

What is the historical record for the month of January as a siginificant bottom preceding a 30 or 40% rally ?

Thank you

[Chris]

2008 was certainly the year of the trader ... unbelievable price swings!

thanks for the great research guys

best of luck in 2009