February 15, 2012 Another Odd, Rare Close
Only six other days closed with the same pattern as today: the S&P500 down for the second day in a row, while the DJIA and the NASDAQ declined after yesterdays gains.
The diagram reveals no particular configuration with respect these happenings. Two occurred during the 2000/2003 declines, whereas one each struck during the 2003/2007 and the 2009/to date expansions.
In the past, prices increased four times on the following day and declined twice.
Given a record of just six incidents, summaries are mere descriptions rather than useful forecasts and projections.
DJIA -.76 percent
NASDAQ -.55 percent
S&P500 -.54 percent
