March 19, 2012 Another Never-Before Pattern
Reversing the previous days losses, the DJIA and the NASDAQ moved higher, joining the S&P500 which scored its third gain in a row. However, if this pattern seems commonplace, it is not. Instead its unique -the record reveals only one other close with this pattern, and that occurred on January 3, 2007. Whether its coincidence or not, that close came just 192 trading days before prices hit their tops on October 8, 2007.
Further, while the markets advances continue, only the NASDAQ has passed that previous peak. The DJIA and the S&P500 smart advances notwithstanding, they remain about ten percentage points below those historical highs.
Our search for a prototype configuration continues. Yet at this crucial time, we have not achieved the goal of translating these historical data into accurate projections of future prices.
Or frustratingly, unable so far to find the factors that signal the direction of prices in the future.
DJIA .05 percent
NASDAQ .75 percent
S&P500 .40 percent