May 25, 2012 Another Long Term Negative Signal
Prices closed lower on the last session before the long holiday weekend,with the NASDAQ down for the second straight day. This is the 34th repeat of the DJIA and S&P500 down one day and the NASDAQ down two straight days since the beginnng of 2000.
The diagram locates these days, with the green triangle locating the 12 which closed higher on the following day. The red circles show the 22 negative following days.
Clearly, this combination occurred almost twice as often when prices were on the way down.
DJIA -.60 percent
NASDAQ -.38 percent
S&P500 -.22 percent