Todays -.48 percent decline of the NASDAQ, combined with the DJIAs ongoing positive-then-negative days, and the no change close of the S&P500, has not occurred before. History reveals that an almost similar patternin which the S&P500 posted small gainsdid happen three times. Two of these go back to the 1980s while the last one, in February 2005, preceded an approaching top.
Prices then fell slightly, before recovering and moving higher, beyond the earlier peak. However, shortly thereafter, the market experienced a significant correction; that lasted for almost three months. Thereafter, in May 2005, values returned to their earlier positive trend that continued till October 2007.
While USMaketView presents this information, one previous close fails to qualify as a plausible basis for projections.
DJIA .16 percent
NASDAQ -.48 percent
S&P500 .00 percent