June 21, 2010 — Week Opens Down

Prices fell for the first time since last Wednesday, with the NASDAQ falling  -.90 percent, the S&P500 off – .39 percent while the DJIA closed at  -.08 percent. Thus the odd, unusual character of daily changes continues for another day.

As before, this combination is a first; so without a record of past closes for the next day, there cannot be a projection based on history. Yet some data are available: 140 turn-arounds from negative to positive occurred since January 2000. However, on the following day, declines outnumbered gains by about 30 percent. 

DJIA                     -.08   percent NASDAQ             -.90   percent

S&P500                -.39   percent

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