August 4, 2008
The indices continued their negative streak, with the NASDAQ losing -1.10 percent, the S&P500 . -.89 percent, and the DJIA -.37 percent.
Today close is the fourth time this year that prices declined three sessions in a row; it is number 41 in this century for three straight declines.
As for the next day during this time period, slightly more than half -23 for the DJIA and the NASDAQ, and 24 for the NASDAQ- posted positive closes.
Continuing the sequence analysis of the previous days trading -Friday of last week- there are now three days of successive falling prices; these followed two days of positive price changes, moreover, these came after a down day that came immediately after an up day. In short, this is classified as a -3/+2/-1/+1 sequence.
Only three such chains, before today, have occurred since March 2004.
DJIA -.37 percent
NASDAQ -1.10 percent
S&P500 -.89 percent