July 25, 2012 DJIA Up NASDAQ and S&P500 Post 4th Loss
The green vertical lines locate the only three other days with this pattern, while the red circles show the 18 closes when all three indices declined four days in a row.
With todays changes so small the DJIA gained .05 percent while the S&P500 lost .03 percent an analysis of just the bare count of ups and downs could well be erroneous. After all, how accurate are these measurement, and how large is the margin of measurement error?
Thats why the diagram shows the size of the S&P500 losses for the three indices down four days in a row.
These declines are large by themselves, and overwhelming in comparison to todays minute losses.
Nevertheless, with this pattern occurring usually at lower turning points, we see no signal of an imminent market top.
DJIA .05 percent
NASDAQ -.31 percent
S&P500 -.03 percent
