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September 6, 2011                 Decline Continues

 

The first post vacation session extended losses to the third straight day.  Though the NASDAQ fell just  -.26 percent, the S&P500 ended off  -.74 percent, while the DJIA dropped .90 percent.

 

Today’s pattern – three successive losses – has repeated 143 times since 1950; it is the 56^th in this century. These are distributed almost equally between bull and bear market phases.  However, such relationships do exist for the following day: rising markets have twice as many decreases as increases, while they are equal when prices trend down.

 

Further, increases outnumbered declines 33:22 on the next day.

 

DJIA              -.90 percent

NASDAQ      -.26 percent

S&P500         -.74 percent

This entry was posted on Tuesday, September 6th, 2011 at 12 092011000000Tue, 06 Sep 2011 21:03:31 +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.