August 21, 2008
Today was a close repeat of last Friday, with the DJIA and the S&P500 gaining fractions while the NASDAQ was off .36 percent. This is the 25th repeat of this pattern: the NASDAQ having a -1/+2 record, whereas the other two indices have a +2/-2 past.
On the day following such closes, both the NASDAQ and the S&P500 had about the same number of up days as losing days. The DJIA, however, has a preponderance of positive closes: 14 upticks compared to nine next day declines.
However, this past Monday -the next day of the above sequence- not only did all three indices turn negative, but their changes were in the -1.45 percent to -1.55 percent. Moreover, those were the deepest losses for these indices since July 2008.
DJIA .11 percent
NASDAQ -.36 percent
S&P500 .25 percent