May 17, 2012 NASDAQ Posts 4th Loss – 5th Drop for DJIA
A first – since the beginning of 2000, although five closes with all hthree indices posted five successive declines. That’s why we focus on the five minus series.
All but one came during recent major declines; and prices fell again for all but one on the following day.
Surely it would be a record setting close if these averages dropped for a sixth successive day.
Consider the two ways of analizing these closes: 1. Only once did this pattern happen when prices were rising but 2. since prices rarely declined further, it could very well signal an end to this decline.