That prices are on a four day run is welcome news.
More significant is their timing: with 24 repeats since 2000, 20 occurred while
prices were trending higher. Our ongoing focus on the when of these positive
runs yields relevant insights because the trend of prices is more critical than
their daily changes.
Turning to the following day, Friday, in the past
the next sessions were divided almost equally between another positive close
and a decline. Moreover, the counts were identical: five gains and five losses
in both the 2003/2007 and the current since-2009 expansion.
DJIA .46 Percent
NASDAQ .13 Percent
S&P500 .49 Percent