Both the DJIA and NADSAQ closed higher for the third session in a row, while the S&P 500 continued up for the second day.
The S&P500 as well as the NASDAQ gained .39%, whereas the DJIA increased .25%.
There are only 140 occasions since January 2000, when NASDAQ turned in three straight upticks . That is just 7.2% of all trading days.
The performance of the DJIA is not as strong, turning in 114 triple gains, or 5.9% of the 1945 trading days since 2000.
Looking at tomorrow and considering the chances of a fourth successive gain for these indices, the pattern since 2000 has only 62 four straight uptick dates, or 3.2%. The DJIA past is slightly stronger with four upticks in a row occurring 3.6% of the time, or 70 times in this century.
This entry was posted on Thursday, September 27th, 2007 at 12 102007000000Thu, 27 Sep 2007 22:41:03 +0000 and is filed under Market Report. You can follow any responses to this entry through the RSS 2.0 feed.
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