September 7, 2012 Gains Continue
The DJIA moved higher for the third straight day, accompanied by gains for the second day in a row by the NASDAQ and S&P500. This rare pattern occurred just five other times since the beginning of 2000, with the last repeat this past July 30.
The diagram reveals three of these closes clustering at market tops of 2000 and 2007.
In the past, the DJIA and the S&P500 fell on four of the following days; the NASDAQ, however, moved higher three times, declining twice.
Yesterday’s projection for today, calling for lower prices, was incorrect.
DJIA .11 percent
NASDAQ .02 percent
S&P500 .40 percent
