The NASDAQ fell for the second straight day while the DJIA and the S&P500 declined after yesterday’s gains. Today’s result, the 34th repeat of this pattern since the beginning of 2000, has the unusual characteristic of occurring most often years ago, during the 2000/2003 decline.
Overall, prices continued to decline on the following day near twice as often increasing overall. Yet during that long ago decline, decreases outnumbered gains 3:1.
The diagram shows the decreasing frequency of this pattern, with just four events since the March 2009 low. Moreover, prices on the following day increased as often as they declined.
DJIA -.32 percent
NASDAQ -.36 percent
S&P500 -.39 percent
This entry was posted on Wednesday, January 30th, 2013 at 12 102013000000Wed, 30 Jan 2013 10:33:06 +0000 and is filed under Market Report. You can follow any responses to this entry through the RSS 2.0 feed.
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