August 28, 2012 Days Before Reversal?
Prices moved in the same direction as yesterday, as the NASDAQ moved higher for the third successive day while the DJIA and the S&P500 fell for the second straight day. The market has seen this pattern only twice before in this century, and both occurred near market tops.
The diagram reveals their location immediately before drastic drops in prices.
DJIA -.17 percent
NASDAQ .13 percent
S&P500 -.08 percent