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April 19, 2012 Unusual Pattern

Today’s decline of the DJIA, the NASDAQ and the S&P500 marks the 127^th repeat of two-days in a row losses. Yet we find an even rarer combination by stepping back to the day before, with only three other such combinations.

Today’s diagram shows two occurring during the 2000/2003 decline and the third happening 14 months before the 2007 peak. Note that two mark the end of intermediate declines while today’s event fails to provide such clues.

DJIA               -.53 percent

NASDAQ      -.79 percent

S&P500          -.59 percent

This entry was posted on Friday, April 20th, 2012 at 12 092012000000Fri, 20 Apr 2012 09:11:13 +0000 and is filed under Market Report. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.