The DJIA registered its third straight loss today, managing only two gains in the last seven trading days. While the index was off only -.15 percent, it is the second repeat of this pattern in 2007. Altogether since January 2000, there have been only 18 such closes, with the median loss of -.66 percent.
The NASDAQ posted a 1.04 percent increase today and now has two positive closes in the last five days. The gain is in line with the median +1.02 percent median gain in the other 33 occasion of this pattern since January 2000.
The S&P500, while also marking the second uptick in the past five days, moved up a mere +.18 percent, a gain substantially smaller than the +.51 median gain registered in the 7 other times such an event occurred since January 2000.
The table below summarizes these changes and shows the price changes for the following day in identical patterns or circumstances in the past.
