February 22, 2012 Further Declines
The NASDAQ declined for the third successive session, while the DJIA and the S&P500 fell for the second day in a row. Todays is the 19th repeat since the beginning of 2000 of this pattern. On the following day, in the past, the NASDAQ and the S&P500 had the same number of declines as increases, but the DJIA turned in 11 gains and only 7 losses.
Note how often this pattern coincides with changes in the direction of prices, not only when prices turn down but also when they move up.
DJIA -.21 percent
NASDAQ -.52 percent
S&P500 -.34 percent
