March 1, 2012 Prices See-Saw Up
After yesterdays declines, the three indices turned up, ending almost where they closed two days ago. This pair of plus after minus days has repeated more than 200 times since the start of 2000, representing about 7% of all trading days.
Yet we have not found a meaningful relationship connecting these pairs to trends in future prices.However advances on the following day have occurred more frequently during bull markets, but not in significantly different ratios.
DJIA .22 percentNASDAQ .74 percent
S&P500 .62 percent