USMarketView

 

July 18, 2011                      Still on the Roller-coaster

 

 

 

Another day closes with prices moving in the opposite direction as the day before. Now four days long, today is the market’s 39^th repeat since 1999 of this sequence. Unlike previous daily up-and-down series, it is not possible to allocate this one either to rising or falling price trends.

 

Yet, considering only the 453 price declines in this century, the record reveals a slightly larger possibility of higher prices tomorrow. Roughly 55 percent of the following days closed with an advance.

 

Given these circumstances as well as insufficient other information needed to project the future, this post will not attempt to estimate what the market will do tomorrow.

 

DJIA               -.76  percent

NASDAQ       -.89  percent

S&P500          -.81  percent

This entry was posted on Monday, July 18th, 2011 at 12 062011000000Mon, 18 Jul 2011 18:35:14 +0000 and is filed under Market Report. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.