April 8, 2008
Today was negative from the start; the NASDAQ lost .6 percent, followed by the SP500, off .51 percent, whereas the DJIA lost .29 percent.
The DJIA and the NASDAQ had only two positive closes in the past five trading days, while the S&P500 managed three up days. In fact, the DJIA has been moving up, then down, alternately, since last Wednesday.
One positive upshot, relating today to the past, is that the median decline for this pattern, since January 2000, is -.64 percent, more than twice as deep as todays shortfall of -.29 percent.
Relating the S&P500s pattern to previous runs of one negative/following three positive days, to what might be in the offing for tomorrow; there are 26 incidents of a further loss contrasted to 39 cases of a positive day thereafter.
DJIA -.68 percent
NASDAQ -.29 percent
S&P500 -.51 percent