December 15, 2008
The DJIA experienced the identical percentage drop that it gained in the last session, on Friday, while the NASDAQ percentage loss was slightly smaller, and the S&P500s percentage decline was just short of double its increase.
Note that todays decline, continues the up and down pattern of the previous four days: prices changed direction each day, since last Monday. Moreover, this latest seesaw marks the seventh such daily reversals this year.
As for the following day, consider the record since January 2000: these indices experienced 35 down/up for five days pattern. The NASDAQ fell 21 times on the following day, while moving higher only 14 times. The S&P500 has a 19 further down and 16 up record. The DJIA is the only index with more positive than negative follow-ups; however, the edge is just one, having 18 up days and 17 down days.
DJIA -.75 percent
NASDAQ -2.10 percent
S&P500 -1.27 percent