May 4, 2012 Further Losses
The week closed with the DJIA and the S&P500 down for the third straight day while the NASDAQ fell for the second day in a row. It’s the 7th repeat for this pattern since the beginning of 2000. While three of these combinations hit during the 2000/2003 decline, the other four came while prices were moving higher, in 2003/2007 and since March 2009.