Help with a Rule of Thumb Statistic

[frcrilly]

Hi All,

I’ve come across a rule of thumb statistic that 85% of the time, stocks tend to role sideways. This would mean 15% of the time, stocks tend to trend either upwards or downwards.

My question is, would this imply stocks trend upwards 7.5% of the time and likewise downwards 7.5% of the time, or does this split work out differently in practice?

If anyone has ideas on how this 15% should be split between upwards and downwards, I am all ears.

Thanks in Advance for all responses.

(I’m aware it’s a general rule of thumb with no right or wrong answer that shouldn’t be taken as gospel).

[BadThad]

Never heard that....doesn't really matter anyway. Stocks are driven by fundamentals, technicals and fear/greed. That's really all you need to know. LOL