Though the up-then-down rhythm continues for the eighth day, we call your attention to the strength of the DJIA surge. Our diagram reveals its rapid and continuous advance; our table quantifies its power relative to previous growth segments.
Further, its recent history reveals significant strengthening in the rate of its daily price increases.
Its average daily gain is .29 percent for the last 28 days – days when it closed above 14,000. That rate is almost three times the average gain for the 152 days when the DJIA closed between 13,000 and 14,000.
The table reveals the current escalation, as measured by the average daily change, with significantly more vigor than the earlier visit to the above 12,000 level during the 2003/2007 bull market. Moreover, this latest surge has stayed at these high levels for many more days than its stay.
Despite these superlative features, we have not found, so far, historical parallels indicating an end to this amazing price escalation.
DJIA .61 percent
NASDAQ .48 percent
S&P500 .52 percent
