In comparison to the record since 2000, the NASDAQ performed better on Tuesday, declining just -.03 percent, compared to its median fall of -.59 percent. . (See the table below.) The S&P500, however, lost more today, -.65 percent, than the median loss, -.50 percent, on the first negative close after two positive days. The DJIA, though, fell -.56 percent, just about equal to its median loss.
Record Since January 2000 …………………….Actual
40 days, DJIA Median -.54 percent
…….
.-.56 percent,
33 days, NASDAQ Median -.59 percent
-.03 percent
38 days, S&P 500 Median -.50 percent
-.65 percent.
Should the market drop tomorrow, the record since 2000 for two losses, after two gains is:
68 trading days, DJIA Median - .66 percent,
61 trading days, NASDAQ Median - .84 percent,
67 trading days, S&P 500 Median - .71 percent.
On the other hand, if Wednesday is an upday, the data for one gain, after a down day, succeeding two positive gains is:
77 trading days, DJIA Median + .70 percent,
64 trading days, NASDAQ Median + .95 percent,
76 trading days, S&P 500 Median + .56 percent.
History shows that the chances are just about even for a negative as for a positive close the following day for these two patterns in the almost 2000 trading days since January 2000.