March 7, 2012 First Gain of the Week

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March 7, 2012                  First Gain of the Week 

It took till Wednesday for the market to record a positive close of near two thirds of a percent. Today’s pattern of  +1/-3, that is an advance following three successive losses, has 31 previous repeats in this century. Of these, a good majority shared the good times of an escalating market, with just nine happening during the 2000/2003 and 2007/2009 declines. Results for the following day continued this pattern’s association with higher prices, with 10 of the 15 next-day increases posted during the bull market of 2003/2007 and the current expansion that started in March 2009. DJIA             .61 percent

NASDAQ     .87 percent

S&P500         .69 percent

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