As expected, prices fell after moving higher for four successive sessions. Actually, only 14 other days happened when they declined after four straight gains. As for the following day, in the past gains continued eight times, while prices fell on six days.
Remarkable strides to higher prices is the record of the last month. Since August 17, the NASDAQ has added 4.0 percent; it now stands at 113.4 percent of its last, October 2007 high.
However, the other two averages lag behind; they trail not only in their recent advances, but also in terms of their recovery since the March 2009 bottom. The S&P500 increased 2.8 percent since August, but the DJIA gained just 2.1 percent.
The diagram shows these data, revealing that the DJIA stands at 95.8 percent of its October 2007 high, while the S&P500 trails at just 93.4 percent of that top.
DJIA -.30 percent
NASDAQ -.17 percent
S&P500 -.31 percent
