April 2, 2009
The DJIA and the SP500 enlarged their daily increase for the second time in a row as the current surge posted its third successive positive day. The NASDAQ more than doubled yesterdays gain, closing up 3.29 percent.
Three gains in a row by all three indices have occurred only 48 times since January 2000. Yet this tally divides almost evenly between the 2000-2003 decline and the 2003-2007 recovery. On the other hand, extending the record two further days, on which these indices posted declines, then eight of those 22 closes coincided with the trough of the price turn down.
This was the case on the third, and final, bottom on March 14, 2003, and indeed, this same pattern count coincided with the recent, previous low of November 25, 2008.
The diagram below illustrates this history.
DJIA 2.79 percent
NASDAQ 3.29 percent
S&P500 2.87 percent