December 13, 2012 Another Infrequent Pattern
While the DJIA and the NASDAQ declined for the second day, the S&P500 turned down ending its string of six plus days. This yields a pattern seen on just eight other days in this century, though the most recent close occurred less than a month ago, on November 13.
Though prices retreated on the following day, the record shows values advancing two to one in the next session. The diagram reveals also todays combination favoring a bull outlook, since five of these earlier nine closes happened during the 2003/2007 and two others since the 2009 bottom.
DJIA -.56 percent
NASDAQ -.72 percent
S&P500 -.63 percent
