USMarketView

January 10, 2008

While the NASDAQ posted another gain, its amount – .57 percent – is just a little better than one half the historical median increase after eight straight declines.

The S&P500 fared better, achieving a close almost equal to its median.

The DJIA did best of all, almost doubling its past median increase for this trading pattern.

In the past, the NASDAQ had only four positive closes on the third day after eight losses; yet all of these occurred before January 2000. On the other hand, the record shows one decline in June 2006.

As for the S&P500 and the DJIA, their histories indicate that upticks happen with the same frequency as declines, for their recent trading patterns.

DJIA          + .93 percent
NASDAQ + .57 percent
S&P500   + .796 percent

This entry was posted on Friday, January 11th, 2008 at 12 062008000000Fri, 11 Jan 2008 06:31:18 +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.