Today’s unusual close –the DJIA losing ground whereas the NASDAQ and the S&P500 completed their fourth consecutive advance- follows Friday’s similarly odd configuration of the DJIA not moving in tandem with these two other market barometers.
Though this pattern occurred only ten previous times since 1996, today’s repeat is the third such close this year. The two other closes happened this April and just last month, in September. A further oddness is that all three of these 2013 happenings resulted in only minute changes. The S&P500, for example, gained just .01 percent today, and even less than .01 percent in the two previous closes.
Further, as in the other and earlier rare patterns, one of these days cropped up just at the 2000 bull market top, while another chanced some 90 days prior to the next, 2007 price maximum.
Our diagram locates these ten days and shows that prices declined on six of the following ten days.
DJIA -.05 percent
NASDAQ .15 percent
S&P500 .01 percent
