June 24, 2008
The NASDAQ now has ten of these strings in 2008, while it was the ninth time for the DJIA to post three straight losses. Up to the beginning of this year, the NASDAQ had 125 of these three losses in a row closes.since January 2000. That averages out to 14 plus such runs in each year. On the following, this negative streak was extended to four straight losses as often as the next day ended with an up close.
The DJIA has a slightly more positive history, with only 118 three losses in a row closes since January 2000. Moreover, it turned up 67 times and fell for the fourth straight day only on 51 days.
The S&P500 has been following a slightly different pattern, with a down day today, a positive close on Monday, after a minus -1.85 percent loss last Friday.
As noted yesterday, the NASDAQ performance is in line with its recent pattern of continuing to post deeper losses than the other two indices.
DJIA -.29 percent
NASDAQ -.73 percent
S&P500 -.28 percent