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October 3, 2011             More Losses

 

 

         Today’s NASDAQ fell again, dropping -3.29 percent; only 109 other closes, of the nearly 3,000 trading days since January 2000, are this bad, or worse. Similarly, the S&P500 closed at -2.85 percent, recording its 75^th steepest decline; while the DJIA, off -2.36 percent ranks as its 97^th largest loss.

 

         The diagram of the S&P500 locates these 75 losses, worse than  -2.85 percent over the past 12 years. Most happened during the two major declines of 2000/2003 and 2007/2009. Yet we see some 13 since the recovery started in March 2009.

 

          Worse yet, five other recent closes show declines deeper than today’s -2.85 percent.

 

        This evidence, based on the size of the loss, surely contradicts the recent optimistic interpretations using the pattern of daily closes. These latter versions revealed a relationship occurring mostly while the trend of prices was up.

 

       We shall continue to monitor these two indicators, to find their relationship and their efectiveness to project future price movements.

 

 

DJIA             -2.36 percent

NASDAQ     -3.29 percent

S&P500       -2.85 percent

 

 

 

This entry was posted on Monday, October 3rd, 2011 at 12 082011000000Mon, 03 Oct 2011 20:36:43 +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.