DJIA New Round Number Thresholds

DJIA New Round Number Thresholds 

The DJIA closed above 16,000 for the first time ever today,  below the details of DJIA closings above a new thousand-point threshold since it hit 1000 , back in 14th Nov 1972

In the table below, we list the first day that the DJIA closed above each thousand-point threshold from 1,000 to 16,000. We know that a thousand point threshold when DJIA is trading at 1000, is 50% vs, 15K  to 16K, is little over 7%, but there traders who watch big round numbers , and the market’s ability to push through the round numbers as mentioned again by

@VicNiederhoffer  ( #FF ,as his books and his blog have a great influence on the paststat.com website functionality)

Below the table with $DJIA new round number thresholds , and he change % after 1 ( t+1) /2 ( t+2 ) /3/4/5/ trading days

$DJIA New Round Number Thresholds

below the trading odds for $DJIA longs for the next 1/2/3/4/5/10/20 trading days , whenever $DJIA closes above a new round number .

Exit # Wins % Wins Avg% Med% Avg Win % Avg Loss % Pay Off Max Loss %
t+1 15 5 33.3 -0.29 -0.17 0.24 -0.55 0.43 -1.17
t+2 15 7 46.7 -0.43 -0.37 0.32 -1.09 0.29 -2.20
t+3 15 8 53.3 -0.33 0.19 0.54 -1.32 0.41 -2.55
t+4 15 9 60.0 -0.01 0.19 0.69 -1.07 0.65 -2.46
t+5 15 9 60.0 0.19 0.62 1.19 -1.30 0.91 -3.76
t+10 15 9 60.0 0.87 1.20 2.59 -1.71 1.51 -3.84
t+20 15 9 60.0 1.06 1.76 3.92 -3.23 1.21 -6.58
Swing High 15 12 80.0 -0.16 0.18 0.28 -1.94 0.15 -3.76
Swing Low 15 3 20.0 -0.04 -0.23 1.85 -0.51 3.64 -1.17

Swing High column , is calculated with the assumption , that one exits the longs at the first profitable close over the next five tradings days , otherwise with a loss at the end of the fifth trading day for a loss.

Swing Low column , is calculated with the assumption , that one exits the at the first lower close over the next five tradings days , otherwise with exits at the end of the fifth trading day , ( calculated , keeping in mind the bears)

12/15 (80%) times  $DJIA closed above the current close at some point of time ( as shown in the Swing High Column ) over the next five trading days , and $DJIA closed below , 12/15 times , the current close at some point of time over the five trading days

{an excel tip} to get the 1K round number would be =QUOTIENT(Close, 1000) 

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