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While all three averages changed for the positive today, the advances were barely noticeable. The S&P500 was the leader, increasing by .21 percent, followed by the NASDAQ at .15 percent; the DJIA trailed with a .05 percent increase.

This is the first advance for the S&P500 and the DJIA, since their Monday highs. This +1/-2 (one uptick after two declines) closing pattern occurred on 124 trading days since January 2000: with the S&P500 rising .96 percent on average -compared to its .21 percent today- and the DJIA average increase of .85 percent far in excess of today’s .05 percent.

The NASDAQ increase, following yesterday’s decline, after the two plus days at the beginning of the week, established a +1/-1/+2 configuration. There are just 63 of these since 2000, with a typical increase of 1.24 percent, almost ten times today’s .15 percent gain.

This entry was posted on Thursday, October 4th, 2007 at 12 112007000000Thu, 04 Oct 2007 23:07:50 +0000 and is filed under Market Report. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.