I made a comment on Monday about the way I expected the markets to react based on experience,
I grabbed the index data for XJO, HSI, Nikkei, Dax, FTSE and S&P500.
I tested each index over the last 10 years. What I was looking for was the return by the close 5 days later (Being Friday if there was no hols) if Monday fell more than 1% lower than the previous Fridays close.
Then compared that to the 5 day return after any day except Monday were we get greater than 1% fall. The reason for the comparison is to see if there is any particular edge buying Monday drops compared to other days.
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Results? Seems legit except for the Aussie market