The NASDAQ moved higher for the fifth straight day, but only by .02 percent. Nevertheless, combined with one day declines by the DJIA and the S&P500, this resukts in a pattern seen just eight times in this century. Our diagram identifies these closes, and indicates with a green triangle those next days on which prices moved higher. The red circles show declines on the following day.
While higher prices on the following day beat declines by a score of +5:-3, this margin is too narrow for a robust projection.
The fact that these eight days occur equally during rising and falling price trends, adds another reason for concluding that this history fails to allow any proection of price changes tomorrow.
DJIA =.10 percent
NASDAQ .02 percent
S&P500 -.17 percent
