June 10, 2011 Down Again
Values tumbled, more than wiping out yesterdays come back. The pattern at weeks end stands at -1/+1/-6 for the DJIA and the S&P500, whereas the NASDAQ position is -1/+1/-4.
Our analysis replaces the different three-days-ago numbers with further than minus three in order to consider all three indices at once. The resulting diagram identifies the twelve days for this pattern, with the number indicating the NASDAQ pattern.
It reveals this combination hovers at turning points, with two happening at market tops and two coinciding with troughs. Accordingly, we have only a weak conclusion: the market trend will change. It implies that current price instability, the up then down sequences, will end. However, we cannot project whether prices will move higher or lower!
Yet this history implies an end to the recent, almost daily changes in market direction, and a future that allows projections of forthcoming price movements
DJIA -1.42 percent
NASDAQ -1.53 percent
S&P500 -1.40 percent
