Does stock direction tend to continue, with >50% probability, or is it a 50% chance? What would you guess the probability is, intuitively?

Just so the question has a specific answer, assume a stock closes at a lower price than yesterday. What is the average probability of it closing at a lower price again the next day? 50% would be just a coin flip chance. <50% would mean it tends to switch direction. >50% means it tends to continue in a direction. Talk in terms to the average stock on the average day, so we don't get into all the things it depends on.

Submitted February 29, 2016 at 05:47PM by wakka54 http://ift.tt/1TNmGRy