As you can see, most of the previous occurrences were in 2004 and 2005. Recently, however, there have been fewer and fewer instances.
Historically, the DFM General Index has closed higher five trading sessions later 64% of the time following days when nine of the last ten trading sessions yielded nine higher closes. The average gain was 0.70%.
When the market did closer higher five days later it do so by an average of 1.76%. When is closed lower it lost an average of -1.22%.
In conclusion, when the DFM General Index has closed higher for nine of the last ten trading sessions this has been broadly positive for the market over the next five trading sessions. It certainly hasn't foreshadowed any significant market sell-off in the week following such occurrences.
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